QBE
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The report showed the impact of the pandemic on A&H and documented a drop in claims for neoplasms. -
The read-across from the extreme weather to losses is not simple and insurers may do better than would be assumed.
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The facility is the second in South America for the firm, which established a local presence in Argentina in 2016.
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Gross written premiums at the carrier’s North American segment grew by 9% to $4.7bn.
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Shares in the Australian carrier slumped 12% following the disclosure.
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The duo move to the carrier from BHSI.
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Former international CEO delays retirement to fill top job gap, as Harris takes his role.
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Mann has been at QBE since 2008, having started out as a corporate counsel.
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The first half combined ratio worsened to 108.8%, from 99.9% the year before.
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The former A&H president will oversee A&H, aviation, and trade credit and surety under a new specialty unit.
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Dan Moore has been serving in the role on an interim basis since the end of January.
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APRA chairman Wayne Byres tells lawmakers carriers remain sufficiently capitalised to respond to new events.
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