QBE Insurance Expands Operations in Bermuda with New Offerings

QBE Insurance Group has expanded its operations in Bermuda by launching a new primary insurance offering. The company has appointed Saadia Savory as Vice President of Casualty Insurance and Will Jackson as Vice President of Property Insurance to spearhead this initiative. This strategic move focuses on property and excess casualty insurance, areas where Bermuda's market structure provides significant strategic advantages, aligning with QBE's global underwriting standards.

Saadia Savory, who has been appointed as Vice President of Casualty Insurance in Bermuda, brings nearly two decades of experience, including a notable tenure managing the US casualty portfolio at Aspen. Her expertise in US casualty insurance within the Bermuda market is complemented by her roles with Argo and Chartis. Meanwhile, Will Jackson, with 14 years at QBE, has been primarily involved in the London market property team and was previously the Underwriting Manager for the major risks team in London.

This expansion is part of QBE's phased strategy to strengthen its Bermuda presence with plans to diversify into additional product lines, addressing a growing demand across various insurance classes. Utilizing existing Bermuda-based entities, QBE Capital and QBE Capital (Global), both holding Class 4 licenses from the Bermuda Monetary Authority, QBE is authorized to underwrite third-party business alongside internal reinsurance activities. Kevin Shallow, QBE's Head of International Markets, stated that this expansion positions QBE at the heart of a globally significant market for large corporate risks, offering customers a coherent and disciplined insurance proposition across London, North America, and Bermuda.