QBE Re, the reinsurance arm of QBE Insurance Group has unveiled a new simplified leadership structure, announcing a number of key appointments across markets and product areas.
Leading QBE Re’s EMEA, International and North American markets are three seasoned executives: Abdallah Balbeisi, who has been appointed Executive Director of Europe, Middle East and Africa (EMEA).
In his new role, he will oversee QBE Re’s Dubai, Brussels, and Dublin offices. Balbeisi brings over 25 years of industry experience, having joined QBE in 2020 from Aspen.
Mark Jackaman takes on the role of Executive Director of International (Lloyd’s & Bermuda platforms). He was previously General Manager, London and brings over 27 years’ experience to the role, including the past 13 years with QBE Re.
Salvatore Sama will be leading North America as Executive Director, and will be based in New York. He was previously responsible for leading the Casualty business globally.
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Sama brings over two decades of financial services experience to his new role, having spent a decade years at Swiss Re prior to joining QBE.
These executives will be responsible for leading the underwriting teams across QBE Re’s three markets and executing on QBE Re’s global strategy.
QBE Re has also appointed three executive directors to lead Casualty, Specialty and Property. Jane Farren was appointed Executive Director, Global Casualty, effective 1 July, having previously held the position of Global Head of Financial Professional Lines.
Farren has worked at QBE Re in New York for four years, with previous experience at Aspen and Swiss Re.
Shane Lawlor has been appointed Executive Director, Global Specialty, which encompasses Accident & Health, Life, Marine & Aviation and Specialty lines. Prior to his appointment, Lawlor served as Head of Specialty, London and joined QBE in 2015 from Catlin.
Andy Richardson has been named Executive Director, Global Property. He joined QBE Re in 2023 from Aeolus Capital Management, Bermuda where he was Portfolio Manager and has experience in senior roles at Lancashire Insurance and Guy Carpenter. He was previously Head of Underwriting for QBE Re’s Bermuda office.
These roles are responsible for setting global product appetite, managing QBE Re’s global product portfolios and allocating capacity.
All six executives will report directly to Chris Killourhy, Managing Director, QBE Re. They join a strong underwriting leadership team that includes recent appointments such as: Jamie Cook, Chief Partnership Officer; Debbi Wood, Head of Claims; Andrew Guarnori, Head of Underwriting Oversight; and Ash Ahluwalia, Head of Performance & Portfolio management.
Chris Killourhy, Managing Director, QBE Re said: “Having previously announced the simplified underwriting structure, it is great to have all six roles filled with such high-quality leaders. I am also delighted that the roles have been filled from our existing bench of internal talent.
“The new leadership model ensures all products and markets are represented by an empowered team which allows QBE Re to be a more agile, consistent and relevant partner for our brokers and cedants.”
In addition, Tracey Gibbons has been appointed to the newly created role of Global Head of Strategic Development for QBE Re.
Gibbons, who joined QBE in 2021 from SiriusPoint, brings over 40 years of experience and was previously General Manager of Bermuda.
Andy Richardson was appointed General Manager of Bermuda, in addition to his role as Executive Director, Global Property.
QBE Re maintains a global presence with offices in Bermuda, Bogota, Brussels, Dubai, Dublin, London and New York, as well as Japan, Argentina and across the US.
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