Friday, January 15, 2010

QBE in the News (Various Sources)

QBE's CEO O’Halloran Named To Insurance Hall Of Fame (National Underwriter Property and Casualty News)

The International Insurance Society (IIS) announced that Frank O’Halloran, chief executive officer of Sidney-based QBE Insurance Group, is the 2010 Insurance Hall of Fame winner. IIS noted that Mr. O’Halloran was directly responsible for over 125 acquisitions by the QBE Group over the last 20 years with the takeover of the Elders' insurance business in Australia the latest acquisition in QBE’s growth strategy.

“QBE's growth under Frank O'Halloran's leadership is nothing short of remarkable, both in terms of returns and global expansion,” said a statement from Michael J. Morrissey, IIS president and CEO. “I congratulate him on receiving the highest award in insurance, an honor he truly deserves.”

QBE has been a high-profit performer and now ranks in the 25 largest insurers in the world with operations in 45 countries driving three-quarters of its revenue from outside Australia, IIS said. The firm has weathered the recession by diversification of products, geographical exposure and conservative investments, and market capitalization has soared over $22.5 billion.

The Insurance Hall of Fame was created in 1957 and is administered by the IIS, which was founded in 1965 as a nonprofit corporation. IIS describes itself as the largest multinational organization of its kind with almost 900 corporate and individual members from more than 90 countries.

QBE Regional Names US Commercial Lines Leader (

QBE Regional Insurance, a unit of QBE the Americas, has named Andy Doll to lead its commercial lines operations. Doll previously served as vice president and chief actuary of commercial insurance for Fireman’s Fund, and before that spent 11 years at General Casualty/Winterthur Insurance Group in several roles, including assistant vice president of commercial lines and chief actuary. His new title is commercial lines senior vice president.

[Blogger's Note: Yet more signs for continued success and growth for QBE here in the States. Congratulations to both Mr. Halloran and Mr. Doll, and thanks for helping grow QBE here in Sun Prairie.]

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