QBE announces new exec

QBE announces new exec | Insurance Business

QBE announces new exec
QBE has announced a replacement for Colin Fagen, the former chief operating officer of the business who left the firm earlier this month.

Fagen will be replaced by David McMillan, who will join the business in the latter part of 2017 and will be based in the company’s London office, it has been announced.

McMillan was most recently the CEO of Aviva Europe and chairman of global health insurance.

“David’s experience and track record see him well-qualified to lead QBE’s operations, claims and technology activities,” John Neal, Group chief executive officer said of the appointment.

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As CEO of Aviva Europe, McMillan oversaw a four-year turnaround of the division and was formerly transformation director at Aviva helping to lead the turnaround of the global business.

It was also announced that Victor Walter has also been appointed deputy group CFO, as the business is still searching for a permanent appointment to the role of group CFO.

It was announced last year that Pat Regan would remain as group CFO until a replacement is found following his move to become the CEO of the Australian and New Zealand operations of the firm.

Fagen left QBE a year after taking on the newly created Group COO role having worked for QBE for over 16 years.

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