QBE
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The newly installed CEO wants to build on the businesses the firm has and deliver a low 90s combined ratio. -
The executive will serve on the people and remuneration, audit, risk and capital, investment and nominations committees.
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The group’s MGA platform Millennial Specialty has also entered a programme administrator agreement with a QBE affiliate.
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Keystone Agency Partners said it has named Todd Jones, CEO of QBE North America, as an independent director to its board.
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The segment reported cat losses of $305mn, or 7.7% of NEP.
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The executive will succeed Jamie Thompson, who was appointed financial lines director for QBE European operations last May.
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The move follows the departure of QBE’s former aviation head Steve Allen and 10+ of his staff in October.
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Brid Reynolds will be responsible for the oversight and development of risk functions globally.
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The InsurTech said it will significantly grow sales efforts in the next two years.
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The executive had headed the unit since 2016 after joining from AIG’s aerospace business.
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The reinsurer has also appointed Greg van der Made as treaty underwriter and David Cary as underwriting manager.
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Jim Fiore’s responsibilities will be divided between two UK colleagues, sources indicated.
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