QBE Re targets casualty growth with restructured team
QBE Re London has created a single Casualty Treaty reinsurance team to enable a unified market proposition as it looks to take advantage of growth opportunities in a strengthening Casualty market.
The change will bring together the US and International Casualty Treaty reinsurance teams into one business unit, having previously been organised by territorial responsibilities.
Steve Postlewhite, Managing Director, QBE Re, said: “Bringing the Casualty Treaty teams together will allow us to have a much more cohesive product offering and to have a collegiate team of experienced underwriters. We want an offering that can meet the evolving needs of our customers and brokers as well as being able to take advantage of growth opportunities.”
Tim Barber will be leading the team in the newly created role of Head of Casualty Treaty for QBE Re.
Tim Barber, Head of Casualty Treaty, QBE Re, said: “Our ambition is to grow the casualty reinsurance business in 2021. We’ve moved from what was a soft market for nearly a decade to one that has seen considerable positive rate movement as a result of recent high-profile losses, economic uncertainty, and long periods of underpricing.”
Tim continued: “Customers are focusing more on relationships with partners who offer financial strength, longevity and the ability to innovate. QBE Re embodies all these traits, along with underwriters empowered to make decisions quickly. Having all our casualty experts together in one team will only strengthen this proposition.”
Tim Barber was previously Head of International Casualty Treaty and joined QBE Re in 2011. In his new role, he reports to Steve Postlewhite, Managing Director, QBE Re.
Mark Jackaman will assume the role of Head of International Casualty Treaty and Tony Clayton will assume the role of Head of US Casualty Treaty. Both will report to Tim under the new division, who will take a strategic role over both portfolios.
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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