In August 2010, QBE announced a restructure into three main operating divisions: the Americas; Europe and Australia Asia Pacific. As part of this restructure, John Neal, currently Chief Underwriting Officer for QBE Europe, has been appointed to the new Group Executive position of CEO, Global Underwriting Operations. He will be based in Sydney.
Mr Neal, who joined QBE in 2004 following the Australian insurer’s acquisition of his Ensign Commercial Motor, will take up the position from January 1 2011. He will be responsible for the day-to-day management of the underwriting performance and the underwriting operations of QBE’s three main operating divisions – the Americas, Europe, and Australia Asia-Pacific. The divisional CEOs, the Group Actuarial Officer, the Group Chief Risk Officer, the Global Head of Distribution and Group Human Resources will all report to Mr. Neal.