QBE NA taps former Berkshire/AIG leader to head up ‘critical’ business line

Re/insurer  QBE North America has appointed an industry veteran, formerly of Berkshire Hathaway and AIG, to lead its “critical” commercial insurance business and help take it to the next level.

Michael Foley (pictured) has been promoted to president of commercial insurance. He most recently served as the chief underwriting officer for QBE's commercial casualty business.

Before joining QBE in April 2022, Foley most recently served as the global chief underwriting officer for casualty and healthcare at Berkshire Hathaway Specialty Insurance (BHSI). Prior to that, he served in a variety of leadership roles at AIG, including chief operating officer for the programmes division of Lexington Insurance. He started his insurance career in the middle market business at The Harford.

In his new role, Foley will join QBE North America's executive management board and report to Todd Jones, QBE North America chief executive officer. Foley will be responsible for planning, directing, and executing the vision for lines of business including middle market, commercial casualty, workers' comp programmes and commercial property programme Furthermore, he will oversee the development of department strategy and support building strong trading partner and customer relationships.

"We're excited to have Mike step up to this new role," said Jones. "With decades of experience in the commercial insurance market, he has proven his ability as a leader in building high performance teams, delivering solutions for customers, and generating a top-quality book of business. The Commercial business is critical to our success, and we have no doubt Mike will help take it to the next level as we help our customers build a more resilient future."

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