QBE Re unveils new managing director

Current leader to move into retirement in 2021

QBE Re unveils new managing director

Insurance News

By Terry Gangcuangco

QBE Re, which is currently headed by chief underwriting officer Jonathan Parry, will soon be under the leadership of newly appointed managing director Stephen Postlewhite (pictured).

As part of a planned succession, the Aspen alumnus came onboard in November 2018 as deputy global chief underwriting officer. Postlewhite will assume the new MD post on April 01, ahead of Parry’s retirement next year.

“QBE Re has achieved excellent results over time, embodied by careful cycle management, strong client relationships, and a team of highly experienced underwriters,” noted QBE International chief executive Richard Pryce.

“Stephen therefore takes over the business at an exciting time, with industry tailwinds and a very strong set of results in 2019 giving us significant scope for profitable growth. He has already made a strong contribution to the business, and we look forward to him taking QBE Re forward into the future.”

Meanwhile Pryce also had nothing but nice words for Parry, who will continue to play an active role in QBE until his departure in 2021.

“Jonathan is a well-known and highly respected figure in the reinsurance world, and he leaves QBE Re in a very strong position,” said the CEO. “I would like to thank him for his significant contribution to QBE Re. We wish him the very best in his retirement.”

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