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.”