QBE Re, the reinsurance company of QBE Insurance Group, has announced the appointment of cc as Head of Underwriting for Bermuda. He will report to Tracey Gibbons, Head of QBE Re Bermuda, and will commence his new position in early June, subject to Bermuda immigration approval.
In this new capacity, he will focus on supporting the expansion of QBE Re’s Bermuda platform as well as strengthening global property competence.
Richardson comes to QBE from Aeolus Capital Management in Bermuda, where he was Portfolio Manager.
Prior to joining Aeolus, he worked for Lancashire Insurance Group for six years as Head of Property Treaty, Bermuda. He equally held the position of Senior Vice President of Guy Carpenter for eight years.
“I am pleased that we have been able to attract someone of Andy’s calibre to QBE, while demonstrating our commitment to the Bermuda market,” stated Chris Killourhy, Managing Director, QBE Re.
“Andy’s experience as a broker and underwriter in multiple jurisdictions, as well as his extensive knowledge of the Bermuda and global property reinsurance markets, will be invaluable.”
QBE Re reported a net profit of $770 million for the fiscal year 2022, a $20 million increase over the previous year.