Wednesday, August 20, 2014
New York, NY – QBE North America will welcome another well-established industry executive to its leadership team Sept. 2, when Mike Fitzgerald joins the company as SVP, Discontinued Programs. In this newly created role, Mike will be responsible for the oversight of all current and future program business placed in runoff status.
Mike brings more than 30 years of global and domestic experience as well as a record of effective oversight of large books of runoff business. At QBE, Mike will ensure the alignment and coordination of internal teams key to runoff activity, such as claims, legal, actuarial, and finance. Additionally, Mike will be responsible for coordination of QBE North America’s reinsurance strategies associated with the discontinued program unit.
Mike has held numerous leadership positions in the P&C industry, most recently at Inpoint (an Aon business) as well as substantial roles with CNA. These roles have included responsibility for runoff, as well as positions including Financial Controller. In addition, Mike sits on the Board of The Association of Insurance & Reinsurance Run-Off Companies (AIRROC).
Mike will report to QBE Chief Risk Officer, John Langione who says of his appointment, “Mike’s experience will be a significant asset to our organization in helping to effectively manage our runoff operations, as well helping to execute broader strategic initiatives associated with our discontinued programs.”
QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2013 of $5.855 billion. QBE Insurance Group’s 2013 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 43 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. QBE insurance companies are rated “A” (Excellent) by A.M. Best and “A+” by Standard & Poor’s