QBE Re appoints new casualty, cyber, financial lines global product leaders
Reinsurer QBE Re has appointed new global product leaders for casualty, cyber and financial lines of business in New York and London, as part of the company’s focus on deploying consistent capacity and enabling sustainable global growth.
QBE Re has appointed Salvatore (Sal) Sama as global product head for casualty, Jane Farren as global head of financial professional lines (FinPro), and Derek Durst as global head of cyber.
Sama, based in New York, has more than 20 years of financial services experience and spent 10 years at Swiss Re prior to joining QBE.
Farren has worked at QBE Re in New York for close to three years with other industry experience including Aspen Insurance Group and Swiss Re.
Durst started his career at QBE Re in London in 2012 and worked with Aon for five years previously.
They are expected to take up the positions in January 2024. The new global product heads will be responsible for underwriting quality, governance, and oversight for each product around the world. They will work closely with Mark Jackaman, who was appointed general manager, London, in September 2023.
The announcement follows other senior hires made in 2023 including Andrew Guarnori, Ashish (Ash) Ahluwalia and Mark Jackaman to head of underwriting oversight, global head of performance & portfolio analytics and general manager, London, respectively.
Chris Killourhy, managing director, QBE Re said: “We are pleased to welcome Sal, Jane and Derek to these positions. These senior hires are reflective of our global ambition and desire to deploy capacity consistently around the world. In so doing, we can deliver sustainable growth and build long-term partnerships with our customers.”
“The appointments evidence our commitment to underwriting discipline and offer our brokers and cedants a consistent proposition. Filling these senior roles internally is testament to the quality of underwriting talent we benefit from across the business.”
“Our aim is to create a QBE Re that is easy to do business with and creates a more consistent experience for our clients globally as our teams work collaboratively across all of our offices.”
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