QBE unites reinsurance operations under QBE Re banner

QBE Insurance Group announced it is combining its worldwide reinsurance operations under a single management team and unified brand, QBE Re.

QBE Re will comprise of what’s currently known as Syndicate 566, QBE Re (Europe), Secura NV and QBE Re (Americas).

The combined business will have a gross written premium of more than $1.5 billion across a portfolio of property, casualty and specialty lines.

“QBE Re plans to maintain its statutory business reporting and will supplement its key divisional strengths with the opportunities offered by the scale and diversification of a global business,” a QBE Re release says. “The new model will allow QBE Re to offer its clients a consistent underwriting philosophy.”