QBE appoints interim Group Chief Executive Officer
QBE Insurance Group has today announced that Richard Pryce will assume the role of Interim Group Chief Executive Officer while the search process for a permanent replacement is underway.
With Mr Pryce assuming the role of Interim Group Chief Executive Officer, Mike Wilkins will now return to his role as Non-Executive Chair of the Board.
QBE Group Chair, Mike Wilkins said: “I would like to thank Richard for accepting this interim role as we conduct an extensive search for a permanent replacement. Richard is well known to employees and investors and is well respected in the insurance industry.”
“Jason Harris has now commenced in the role of CEO International giving Richard the capacity to assume this role. On behalf of the Board, we thank him for extending his time with QBE, prior to his previously announced retirement. We are fortunate to have someone with his experience and deep understanding of QBE to lead us through this period.”
“Richard will continue to champion many of the initiatives we have underway across the Group to build QBE for
the future and is focused on maintaining the rigour of our cell reviews and further embedding and enhancing our Brilliant Basics initiatives. He is also an avid supporter of our ongoing focus on becoming a more customercentred business.”
“Our strategy and priorities remain unchanged and Richard provides important continuity as we execute on these,” Mr Wilkins said.
An extensive global search to identify a new Group Chief Executive Officer is progressing and we will update the market at the appropriate time.
Authored by QBE
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018 was US$13.7 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.
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