QBE Re sets up single casualty treaty reinsurance team

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QBE Re establishes solitary casualty treaty reinsurance group

QBE Re has actually produced a solitary casualty treaty reinsurance group to make it possible for a unified market suggestion as it looks for even more development chances in the casualty market.

QBE Re’s casualty treaty reinsurance group was produced as component of the reinsurance group’s development method for 2020, uniting the United States as well as global casualty treaty reinsurance groups right into one organization device.

Discussing the adjustments, QBE Re handling supervisor Steve Postlewhite claimed: “Bringing the casualty treaty teams together will allow us to have a much more cohesive product offering and to have a collegiate team of experienced underwriters. We want an offering that can meet the evolving needs of our customers and brokers as well as being able to take advantage of growth opportunities.”

Tim Barber will certainly lead the group as the head of casualty treaty for QBE Re, a newly-created function. He signed up with QBE Re in 2011 as well as formerly worked as the head of global casualty treaty.

“Our ambition is to grow the casualty reinsurance business in 2021. We’ve moved from what was a soft market for nearly a decade to one that has seen considerable positive rate movement as a result of recent high-profile losses, economic uncertainty, and long periods of underpricing,” Barber claimed.

“Customers are focusing more on relationships with partners who offer financial strength, longevity, and the ability to innovate. QBE Re embodies all these traits along with underwriters empowered to make decisions quickly. Having all our casualty experts together in one team will only strengthen this proposition.”

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