QBE Insurance News

UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes

Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit warnings. Below are statements from insurers and reinsurers in …

Trade Credit Insurers Paid UK Claims of $4.9M Each Week in 2016: ABI

Trade credit insurers paid claims to UK businesses in 2016, amounting to more than £4 million ($4.9 million) a week, or £210 million ($256.8 million), according to figures released by the Association of British Insurers (ABI). These claims due to …

Allianz Has $3.2B to Spend on M&A, but ‘Disciplined’ Approach Is Needed

Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a mistake, according to some investors and analysts. …

People Are Key to a CFO’s Success: QBE’s Group CFO Regan

When discussing his career as a chief financial officer, Patrick Regan, group chief financial officer for QBE, emphasizes the importance of people and the team the CFO builds. “You’re only as successful as the team of people you build around …

QBE Appoints Lingafelter as Managing Director of Asia Pacific Region

QBE Insurance has appointed Mark Lingafelter as managing director of its Asia Pacific region with effect from September 1, 2015. Based in Singapore, Lingafelter will be accountable for the ongoing execution of the QBE Asia Pacific Profitable Growth Strategy and …