QBE Insurance Group, which is currently led by interim group chief executive Richard Pryce, has appointed Andrew Horton as group CEO effective September 01.
The move will see Horton, the London-based chief executive of UK-listed insurance group Beazley Plc, leave the specialist insurer at the end of March and relocate to Sydney.
“I am honoured to be appointed to lead QBE, a strong international insurer with an impressive global footprint and talented people,” commented Horton, who will be succeeded by Adrian Cox at Beazley. “I look forward to joining the team and continuing to support QBE’s customers, people, shareholders, and broader communities.”
Pryce, meanwhile, will move to an advisory capacity when Horton takes over, before retiring from QBE in December 2021.
QBE chair Mike Wilkins, who thanked Pryce and wished him “every happiness in retirement,” stated: “Andrew is an inclusive and collaborative executive, who places a strong focus on risk, culture, and relationships. He is known for driving positive change and high performance and has built a well-respected business over a number of years.
“His deep understanding of the insurance landscape and the opportunities and challenges across each of our markets, see him well placed to build QBE for the future.”