QBE
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The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation. -
He will be responsible for QBE NA’s more than $1bn commercial programs portfolio, which includes both property and workers' compensation.
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The underwriter will be based in southern California and lead global strategy in cyber for the insurer.
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Sir Keith Skeoch takes over from Tim Ingram, who has retired after nine years as chairman.
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The facility will be the largest to launch since Aon Client Treaty in 2016.
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The deal includes a diversified book of international and NA financial lines, European and NA reinsurance portfolios, and several US discontinued programs.
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He most recently served as the chief underwriting officer for the company’s commercial casualty business.
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The deal regards international and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.
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Based in North America, Julie Wood will lead QBE’s global distribution capabilities.
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The two insurers are believed to provide in excess of 20% of the cat MGA’s capacity.
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The executive will also serve on the company’s North America executive management board, responsible for portfolio optimization and management in the region.
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The parties did not disclose whether any money changed hands to settle the legal proceedings.
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