Sydney, Australia-headquartered QBE has appointed Colin Fagen as group chief strategy officer, in a new role “designed to create a strong platform for growth across the group,” according to Group Chief Executive John Neal.
Fagen is currently chief executive officer for QBE’s Australian and New Zealand Operations.
QBE said this key executive role will be responsible for leading major growth and efficiency initiatives across QBE globally, ensuring the company can leverage its significant worldwide footprint to drive top and bottom line growth
“Colin has done an excellent job leading our Australian and New Zealand Operations to consistently profitable performance over the last four years,” said Neal. “Importantly, at the same time Colin has successfully overseen the restructuring of the business and the introduction of the group shared service model, creating a strong baseline for future growth.”
Fagen said: “QBE is one of the most diversified insurers in terms of its geographic and product reach, and I am excited by the opportunity to leverage our many strengths for the benefit of our customers, brokers and business partners.”
Tim Plant, the current head of QBE Australian and New Zealand’s Corporate Partners and Direct (CP&D) business, has been promoted to the role of chief executive for Australia and New Zealand Operations. Plant has over 20 years’ experience in international insurance and reinsurance including more than 13 years’ service with QBE, most recently implementing customer service improvement initiatives across our Australian business.
“Promoting Tim into the role of CEO for Australian and New Zealand Operations was a logical decision given his strong contribution to QBE and his leadership of our corporate partners and direct business,” Neal went on to say. “As an alumni of our executive leadership program, we have had the opportunity to prepare Tim for a role of this significance and importance to QBE.”
Both roles are members of QBE’s Group Executive Committee and both appointments are effective August 18, 2015.
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