QBE Creates Integrated Risk Management Services Practice

LONDON, June 25 -- QBE Group issued the following news release:

QBE, the business insurance specialist, has announced that it has brought together its Risk Management Services ("RMS") teams to create an integrated practice designed to support the continued growth of its UK, European and Multinational client base.

The new RMS Practice is headed by Richard Thomas and comprises four integrated product practices - Property, Casualty, Motor Fleet and Professional Lines. The product practices are led by Sean Bell, Martin Devaney, Doug Jenkins and Deborah O'Riordan respectively.

The continued growth of QBE's Property, Casualty & Motor portfolio, as demonstrated by the recent acquisition of the Brit UK Regional business and the Public Sector deal with RMP, provides further opportunities for the company's RMS team to demonstrate their market leading capabilities. .

"In creating QBE's RMS Practice, we have strengthened the team and technical resources to ensure that first class services that match the needs of clients, brokers and underwriters alike can be delivered in a timely and efficient way. Our RMS Practice has a huge depth of talent and provides a broad range of industry experience and insurance knowledge. We have spent 15 months reviewing and enhancing our technical resources and the technology and tools to help support the continued profitable growth for QBE. I am very excited by this next stage of that development which will further help us build profitable relationships with our clients and brokers", said Richard Thomas, Head of QBE's Risk Management Services Practice, PCM.

"Risk management is a key differentiator for our insurance proposition and the capabilities that our new RMS Practice will bring to our Property, Casualty & Motor portfolio will help us continue to provide first class services to all our clients", said Ash Bathia, Chief Underwriting Officer, Property, Casualty & Motor.

TNSC-PreetiSi 97120626-mv45-3926119