QBE Enhances Treaty Operations in the Americas.
NEW YORK, Sept. 6 /PRNewswire/ --
QBE Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Corporation announced today that it has combined its Specialty & Standard Treaty departments into one division. This action has been taken to better service their clients and to further enhance the synergies between the two departments.
In line with this restructure, Robert Mezzasalma will assume the role as Senior Vice President & Divisional Manager. Reporting directly to Robert will be Bob Scigliano recently promoted to Vice President & Property Treaty Manager. Also reporting to Robert will be Dennis Johnson as Casualty Treaty Manager and Thilo Herda as Specialty Treaty Manager.
Tim Kenny, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of QBE Reinsurance Corporation stated, "Over the past few years the company has grown significantly and in order to better service our clients, we have merged these two important areas within our reinsurance operations."
QBE Reinsurance Corporation and its wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. , QBE Insurance Corporation, are rated "A" (Excellent) by A.M. Best and carry a Standard & Poor's rating of A+.
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