QBE

Based in North America, Julie Wood will lead QBE’s global distribution capabilities.

The two insurers are believed to provide in excess of 20% of the cat MGA’s capacity.

The executive will also serve on the company’s North America executive management board, responsible for portfolio optimization and management in the region.

The parties did not disclose whether any money changed hands to settle the legal proceedings.

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The company also promoted Jane Farren to vice president of US financial and professional lines and made permanent Tim Barber’s role as general manager for North America.

QBE Re CUO Peter Wilkins will step into the role until a suitable replacement is found, the company said.

The defendants denied the accusations of misappropriation of trade secrets and confidential information by BHSI.

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The insurer accused its former global casualty CUO Foley and SVP London of misappropriation of valuable confidential information.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Days after departing Berkshire Hathaway Specialty Insurance, four were named to launch QBE's specialty casualty business.