Beazley has announced the appointment of Bob Quane as chief underwriting officer, subject to regulatory approval. Quane will step into the role on October 11 and will be based in New York.
Quane has more than 30 years of underwriting leadership experience. He joins Beazley from AXIS Capital, where he served as CUO of the insurance segment. He also spent 22 years at AIG, where he held various senior roles including head of global personal lines, global accident and health and global commercial property.
“Bob brings exceptional depth and breadth of experience across multiple commercial and consumer lines, and his successful track record of delivering portfolio growth is impressive,” said Adrian Cox, CEO of Beazley. “His extensive global experience will be invaluable as we continue to develop our business in both our established and growth markets.
“It’s a bold move for an underwriting firm headquartered in London to appoint a CUO based in New York, but Bob’s appointment underlines our commitment to the US market and our future growth plans here. Having been a CUO myself, I realise how vital having the right person with the right skills and experience in this role is, and I’m delighted that Bob is joining Beazley.”
“The opportunities for an entrepreneurial, specialist underwriting firm like Beazley are considerable,” Quane said. “The firm is renowned for its specialty products and services, and with clients wanting more responsive products and tailored services, it is well-placed to benefit from the current market conditions. I’m looking forward to playing my part in the future success of the business.”
“Bob’s skills and experience are an excellent fit to help us meet our strategic ambitions, and I look forward to working with him,” said David Roberts, chairman of Beazley. “I would like to take this opportunity to thank Tim Turner and Bethany Greenwood for stepping into the roles of interim CUO long- and short-tail in April. They have done an amazing job holding the fort while we looked to fill the CUO position made vacant when Adrian became CEO.”
Quane will join Beazley’s executive committee.