QBE has appointed Stephen Postlewhite as Managing Director, QBE Re. He will start the new role from 1 April, taking over from Jonathan Parry, who will retire in 2021.
Stephen joined QBE in November 2018 as Deputy Global Chief Underwriting Officer, QBE Re as part of a planned succession. He brings over 20 years’ experience to the role, having joined from Aspen.
Richard Pryce, CEO of QBE International, said: “QBE Re has achieved excellent results over time, embodied by careful cycle management, strong client relationships and a team of highly experienced underwriters. Stephen therefore takes over the business at an exciting time, with industry tailwinds and a very strong set of results in 2019 giving us significant scope for profitable growth. He has already made a strong contribution to the business and we look forward to him taking QBE Re forward into the future.”
Jonathan Parry will continue to play an active role in QBE until his retirement next year.
Pryce added: “Jonathan is a well-known and highly respected figure in the reinsurance world, and he leaves QBE Re in a very strong position. I would like to thank him for his significant contribution to QBE Re. We wish him the very best in his retirement.”
For further information contact:
Sandra Villanueva, Corporate Communications, QBE, 020 7105 5284, Sandra.Villanueva@uk.qbe.com
Alexis Burris, Corporate Communications, QBE, 020 3465 3921, Alexis.Burris@uk.qbe.com
QBE helps businesses build resilience through risk management and insurance.
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2019 was US$13.4 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.