3 September 2020Insurance

QBE Re eyes growth opportunities in strengthening casualty market

QBE Re London, the reinsurance arm of QBE Insurance Group, is looking to take advantage of growth opportunities in a strengthening casualty market. The company has created a...

...single casualty treaty reinsurance team to enable a unified market proposition by combining its US and international casualty treaty reinsurance teams into one business unit.

Tim Barber will lead the team in the newly created role of head of casualty treaty for QBE Re. Barber was previously head of international casualty treaty and joined QBE Re in 2011.

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 Barber under the new division, who will take a strategic role over both portfolios.

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.”

Barber commented: “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.”

“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.”

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
12 October 2020   Pioneering insurers are better positioned to serve customers during the pandemic.
Insurance
1 September 2020   The company's board of directors revealed that Regan had 'exercised poor judgment'.
Insurance
20 August 2020   The executive has served in a variety of leadership roles at the re/insurer since joining in 2008.