QBE Re wants to complement its group’s portfolio optimisation strategy

After a period of “portfolio optimisation” and looking to reduce earnings volatility, QBE Re is in a better place to fulfil its main objective of complementing the  QBE Group and contributing to the group’s wider strategy, Chris Killourhy, its managing director, told Intelligent Insurer.

“As a reinsurer, managing the reinsurance portfolio is everything,” said Killourhy, when asked what a successful reinsurance business will look like in the future.

“Of course, you want to get the good risk and avoid the bad risk, you want to get the good cedants and avoid the poor ones. But I think as important, if not more so, is getting the right balance.