QBE appoints UK boss to CFO

QBE appoints UK boss to CFO | Insurance Business

QBE appoints UK boss to CFO

QBE Insurance Group has appointed Patrick (Pat) Regan to the role of group chief financial officer, succeeding Neil Drabsch.

Regan, who takes up the post in June 2014 and will be based in the company’s head office in Sydney, was recently the chief financial officer at Aviva.

He has extensive global experience in the insurance sector, having fulfilled the roles of group chief operating officer and CFO at Willis Group Holdings (2006 – 2010), group financial controller at Royal & Sun Alliance (2004 - 2006) and Axa SA’s finance and claims director for the UK General Insurance business (2001 – 2004). Regan has also held senior positions at GE Capital Bank, GE Global Consumer Finance and Grant Thornton.

John Neal, QBE Group CEO, said of the appointment: “I am delighted that Pat has chosen to join QBE as he will further strengthen our executive team. He brings the experience, energy and focus that are required in this critical role. I am confident that he will quickly gain the confidence of all our key stakeholders and will play a leading role in helping to shape the future and culture of our company as we continue our journey in establishing QBE as a leading global insurer and reinsurer.”

Neal added: “I would also like to take this opportunity to thank Neil Drabsch, who delayed his retirement from his executive role at QBE as we conducted an extensive global search for his successor. Neil’s support and preparation during the handover will ensure there is a smooth transition for both Pat and QBE.”