Mr O' Halloran made one acquisiton after another. All the time QBE was becoming more and more an inscrutable BLACK BOX.
Understanding insurance companies is very difficult most of the time, but understanding QBE was really difficult.
NOW is the beginning of a new day. A suite of new appointments.
"Pat Regan, Group Chief Executive Officer said “
We have commenced an accelerated reshaping of the company’s strategic focus to create a stronger and simpler QBE.
This includes a prioritisation of “Brilliant Basics” –
improving underwriting
quality,
pricing and claims handling in every market in which we operate and every product we underwrite.
“To deliver this plan we need a senior management team with deep insurance expertise and the capabilities required to build on QBE’s strengths and to deliver excellence across the Group consistently. I am confident that these appointments will assist significantly in delivering on our priorities in 2018 and beyond. The search for our new Group Chief Underwriting Officer, a new Group Executive role, is progressing well. “I would like to congratulate Inder, Peter, Liam, Matt and Anders on their appointments and thank Michael for his time at QBE.”
QBE Price at posting:
$9.56 Sentiment: Hold Disclosure: Held
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