QBE names John Rumpler CEO for Americas division.
Rumpler currently is QBE's group general manager for credit and surety. Since joining QBE in 1997, he has led development of the credit, surety and lenders mortgage insurance business. Initially focused on Australia, this business has grown to operations in 13 countries.
The Americas division comprises four distinct operating units: QBE Regional, QBE Reinsurance and QBE Specialty in the United States and QBE Latin America in Argentina, Brazil, Colombia and Mexico.
Rumpler succeeds QBE Chief Operating Officer Vince McLenaghan, who also served as acting president and CEO of the Americas division since June 2008. McLenaghan will continue in his role as COO for QBE's global operations.
"I look forward to working more closely with [the leadership team in the Americas] to further strengthen our balance sheet and the long-term financial health of our company, partners and share holders," said Rumpler.
In April, QBE Insurance Group said it expected gross written and net earned premiums to rise more than 20% in 2009, with the continuation of its low-risk cash and fixed-interest investments strategy amid global financial uncertainty. The insurer also said it will be on the lookout for acquisition opportunities.
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|Title Annotation:||People in Insurance; QBE Insurance Group Ltd. appointed John Rumpler|
|Article Type:||Brief article|
|Date:||May 1, 2009|
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