Vipal Durge is Features Editor at (Re)in Asia, covering the deals and corporate strategy reshaping Asia Pacific insurance. Areas of specialty include M&A and market consolidation, insurer results and underwriting performance, and regulatory decisions across Australia, Japan, India and Southeast Asia.
The former Bajaj Allianz executive joins the newly licensed insurer with more than three decades of experience spanning health insurance, operations and business transformation.
Lower volumes in key non-life classes weighed on premiums, while stronger claims performance and lower reserve provisioning boosted the reinsurer's underwriting profit.
The insurer's new global data centre head will oversee the development of integrated underwriting, risk engineering and claims solutions for the sector.
Premium pressure in Australia Pacific contrasted with double-digit growth in QBE's International division, although lower catastrophe losses helped keep underwriting margins stable.
