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QBE Europe to merge underwriting divisions

May 15, 2017

QBE Europe is set to unify its underwriting divisions into a single business as of 1 July 2017.

The carrier currently has two underwriting divisions: international markets and retail.

Sam Harrison, who is currently managing director of international markets, will assume the role of managing director, insurance and will lead the combined entity.

Meanwhile, retail managing director David Hall will become global director of sales excellence, a practice that will be established to focus on delivering customer-led multi-line programmes across QBE Insurance Group’s specialty and corporate lines.

Harrison will oversee three regional business operations serving the UK, Europe and international markets respectively. He will also assume the role of interim executive director of QBE’s UK division whilst the carrier searches for a permanent replacement.

Furthermore, Peter Burton will become executive director of international markets, currently serving as director of natural resources and political. In Europe, Chris Wallace will remain as executive director of the region.

As part of the changes, a new market management function will be created, which will be headed by current director of UK and Ireland, Matthew Crane.

“We see these changes as a natural and positive evolution for our business,” remarked Richard Pryce, CEO of QBE Europe.

The carrier said that the revamped business structure will be more “Brexit friendly”, adding that a decision regarding the jurisdiction for its EU subsidiary will be announced in “due course”.