QBE has announced that Pat Regan has been appointed as chief executive officer for the business in Australia and New Zealand.
Regan has been in the role on an interim basis since August 2016, as well as continuing his role as group chief financial officer, and will take on the role fully from March 01, 2017.
Regan will continue in his CFO role until the end of February and QBE has announced that a global search is under way for a permanent appointee to the role.
Victor Walter, currently chief financial officer of Australian and New Zealand operations, will become acting group chief financial officer from March 01, 2017, until a full-time appointee is named.
In August, QBE announced that Tim Plant, former Australia and New Zealand CEO, would leave the business after a 3% drop in GWP compared with 2015.
“We are committed to delivering results that reflect QBE’s position of leadership in our Australian home market,” John Neal
, Group CEO said of Regan’s appointment.
Regan joined QBE in June 2014 having worked as chief financial officer for Aviva, based in London, from 2010. He has also held senior roles with Willis, RSA and AXA.
Regan will retain responsibility for group corporate development in his new position.
Former IAG CEO makes insurance return with QBE
QBE replaces Aussie CEO following HY results