A Stronger, Simpler QBE is in the Making
QBE has announced changes to its structure to simplify its operations and build a more streamlined, agile and customer-oriented business. Effective Jan. 1, 2019, QBE’s operations will comprise of: (1) International – which will include European Operations and Asia. (2) Australia Pacific – which will include Australia, New Zealand, the Pacific and India. And (3) North America.
“Today’s announcement represents the next step in creating a stronger, simpler QBE . These changes enable QBE to enhance our customer proposition and build a stronger platform for long term, sustainable and profitable growth. The Asia Pacific region remains important to QBE. Following a significant and successful program of work to remediate Asia Pacific Operations and its improved underwriting performance, we continue to see opportunities in these markets. Asia Pacific and European Operations are already collaborating in relation to underwriting opportunities and we expect to see further benefits from leveraging our underwriting expertise, scale and global capabilities across these business divisions. Aligning Asia with European Operations and the Pacific with Australian & New Zealand Operations will ensure we are best placed to support our customers and partners in those regions.” – QBE’s CEO, Pat Regan.