QBE Restructures Casualty Division - 30.6.09

Following the creation of its integrated Casualty division which includes Syndicate 386 and business written by its FSA company in May 2007, QBE has announced senior changes designed to underpin the next phase of the division’s development. The full Press Release is available here

Under the move, Ash Bathia has become Managing Director of the division with responsibility for continuing to direct and build the division’s wide portfolio of expertise, its position as a market leader and its track record of profitable growth. The senior management team of the division will report directly to Ash.

David Constable, Active Underwriter of Casualty Syndicate 386 and recently elected member of the LMA board, has been agreed to Chair the Division’s Executive Committee and in addition has been appointed as Director of Underwriting and Operations. In his role as Director, David will be responsible for overseeing the Casualty division’s relationships with other underwriting areas of QBE European Operations and for maintaining and developing key relationships between brokers, clients and QBE.

Ash Bathia comments “These are challenging times and to make headway in current market conditions insurers need to be dynamic, adaptable and innovative. These characteristics form the back bone of the casualty division, as our recent six-year deal with Network Rail demonstrates, and we will continue to build on our strengths to further secure our position at the forefront of the industry.”

David Constable adds “The Casualty division is ahead of the game in terms of delivering truly innovative solutions and my focus will be on the continued development of strategic partnerships with our key brokers and clients as well as ensuring the division is linked in with all of QBE’s underwriting divisions.”

Steven Burns, Chief Executive Officer, QBE European Operations, said:
“Ash and David have been invaluable to the successful integration, of the casualty teams of DA Constable Syndicate 386 and QBE Insurance (Europe) Limited delivering a combined business with market-leading capability and performance. With their unmatchable market credentials and commitment to QBE’s underwriting-led culture, together they will steer the division towards further profitable growth and diversification.”