QBE names new head of UK insurance business

QBE Insurance Group has appointed a new executive director of its UK insurance business, replacing  Cécile Fresneau.

Chris Wallace (pictured) will head up QBE's UK insurance business taking over from Fresneau, who was promoted to run the European operations insurance division earlier this year.

Wallace will assume leadership for the UK business in tandem with his current responsibilities as executive director for Europe. He will lead both the UK and Europe businesses until the end of March 2022, at which point he will hand over the Europe role.

Wallace has been with QBE since 2008 and has held a number of senior positions during his tenure. Most recently, he oversaw the profitable growth and expansion of QBE’s European portfolio.

Fresneau, managing director – insurance division QBE, said: “Chris was instrumental in driving change across our European portfolio and has ensured our teams across Europe are on track to deliver their ambitious growth plans. We have a clear opportunity to strategically expand our business in the UK and I have every confidence that Chris is the person to help make that happen.”