QBE North America announced two executive appointments to support growth in personal insurance and expansion into the high net worth market.
Eric Shanks has been appointed senior vice president, High Net Worth. In this newly created position, Shanks will have national responsibility for QBE North America’s personal insurance growth strategy focused on the high net worth (HNW) segment.
Shanks, based in San Francisco, has 25 years of insurance industry experience. He started his career at Chubb before moving to AIG Private Client Group, where he advanced to senior vice president of the Central Zone. Shanks then moved to Fireman’s Fund Insurance Co. as senior vice president, Personal Insurance Chief Underwriting Officer. In that role, he was responsible for product management and underwriting for all HNW accounts. Shanks was most recently vice president, Worldwide Signature Segment Manager at Chubb, overseeing a HNW customer segment with over $1 billlion in annual premium.
In April 2015, Allianz Global Corporate & Specialty (AGCS) completed the sale of the U.S. personal lines business of Fireman’s Fund Insurance Co. to ACE Ltd. for $365 million. Most of the business was high-net-worth.
Guy Huntley has also joined QBE North America as senior vice president, Personal Insurance Underwriting, based in Chicago. In this new role, Huntley, who has global insurance and HNW experience, will lead underwriting operations for QBE’s Personal Insurance business.
Huntley joins QBE from ACE Private Risk Services where he served as vice president, Regional Underwriting Executive, for the Chicago Underwriting Center. Prior to ACE, Huntley was a senior underwriting director at Fireman’s Fund; and European Regional Manager and Regional Underwriting Manager at AIG Private Client Group.
Both Shanks and Huntley will report to Eric Pruss, senior vice president, Personal Insurance, who joined QBE North America last July after stints at Fireman’s Fund and Chubb.
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