29 January 2021Insurance

QBE centralises global reinsurance business in London

Australia-based  QBE Insurance Group is restructuring its global operations in a move to "take advantage of improved reinsurance market conditions".

The company has said it will centralise its inwards reinsurance operations within its London unit under the leadership of Steve Postlewhite.

As a result of the restructure, QBE’s North American inwards reinsurance business will be included in the results of QBE Re, part of the international segment.

The changes will come into effect with the reporting of the 2020 full year result scheduled to be released on February 19.

QBE has stated that this segment reporting change does not impact the group’s overall results.

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox. You can view a recent archive of our newsletters at this link:  Archive

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
20 January 2021   The board seeks to leverage new insights and fresh perspective of industry leaders.
Insurance
15 December 2020   She will replace Peter Grewal, who has decided to return to the UK.