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.
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.
The regulator has flagged widespread transparency shortcomings in car insurance renewals nearly a year after launching court proceedings against RACQ Insurance.
Lorelle Hillman will serve as acting managing director of QBE's business division from September while the insurer searches for a permanent successor to Elliot Hill.
