QBE Europe merges underwriting divisions to form 'Brexit friendly' structure

Business insurance specialist QBE European Operations, a part of Australia’s QBE Insurance Group, has announced that it will combine its underwriting divisions into one business to form a single underwriting entity, under the leadership of Sam Harrison as managing director, insurance.

The new underwriting structure will take effect from July 1, 2017, and will be supported by a central market management proposition, which will focus on customer and broker engagement, according to the statement.

The company stated that its “Brexit friendly” structure intends to harness its capabilities and talents in the next stage of its strategic development.

"We see these changes as a natural and positive evolution for our business," said Richard Pryce, CEO of QBE European Operations. "We are harnessing our significant underwriting and product capabilities to enable us to offer enhanced experiences for all our customers and brokers."

In addition, QBE will establish a global sales excellence practice, under the direction of David Hall, global director of sales excellence, which will focus on delivering customer-led multi-line programmes across QBE Insurance Group’s specialty and corporate lines.

As part of his role, Hall will chair a newly-established European Client Advisory Group to shape market leading risk transfer solutions, enhance customer experience and sales excellence for key sectors such as construction, oil and gas, rail and infrastructure, financial institutions, transportation and professional services.

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