QBE mulls European expansion, plots hiring spree in Netherlands
Australian re/insurer QBE plans to write business in the Netherlands incepting from January 2023 as part of its European expansion, and is looking to fill a number of key roles across underwriting, claims, operations and finance.
QBE has received regulatory approval by the DNB and made five new hires for its Amsterdam office.
Working solely through intermediaries, QBE initially intends to offer core commercial liability, financial lines and property coverage for mid-market to large corporates.
Additionally, the Netherlands branch will have a multi-national offering which provides flexible and compliant cover for more than 180 countries.
Sebastiaan Lambalk, strategy executive for QBE Europe is leading the establishment of the Netherlands branch and overseeing the creation of the local team.
Cécile Fresneau, managing director – insurance at QBE, said: “We have been steadily building our offering in Continental Europe, providing a credible alternative to established markets. We have the financial backing of a global enterprise but retain the agility of a smaller operation.
“This enables us to offer a flexible approach and new solutions to the market and has underpinned our success so far in Europe. We see great potential in the Dutch insurance market and are excited to get started.”
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