QBE Re, the reinsurance division of QBE Insurance Group, has announced that it has appointed Andy Richardson as Head of Underwriting for Bermuda.
He will report to Tracey Gibbons, Head of QBE Re Bermuda and will take up the new role at the beginning of June subject to Bermuda immigration.
In this new role, he will have a particular focus on supporting the development of QBE Re’s Bermuda platform, as well as further strengthening the global property capability.
Richardson joins QBE from Aeolus Capital Management, Bermuda where he was Portfolio Manager.
Prior to Aeolus, he spent six years working at Lancashire Insurance Group, where he held the role of Head of Property Treaty, Bermuda.
Before that, he worked for eight years at Guy Carpenter, holding the role of Senior Vice President.
Chris Killourhy, Managing Director, QBE Re said: “I am pleased that we have been able to attract someone of Andy’s calibre to QBE, whilst demonstrating our commitment to the Bermuda market.
“Andy’s background, as both a broker and an underwriter in several jurisdictions, coupled with his extensive knowledge of the Bermuda and global property reinsurance markets, will be a huge asset.”
In their full-year 2022 results, QBE Re reported a net profit of $770 million, representing a $20 million increase from the previous year.
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