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QBE recruits icare chief

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QBE has recruited Insurance & Care NSW (icare) MD and CEO Vivek Bhatia as its CEO Australian and New Zealand Operations.

The surprise appointment was announced this morning.

Mr Bhatia was one of the leading figures behind the formation of icare in 2014, building it into what QBE describes as “one of the largest social insurers globally”.

He has wide industry experience as a former CEO of Wesfarmers Insurance’s Australian operations and also worked as a consultant for McKinsey and Company, specialising in large-scale business and cultural transformation projects.

QBE MD and CEO Pat Regan, who was the former head of the group’s Australian and New Zealand operations and became the Group CEO on January 1, says in a statement that Mr Bhatia’s wide experience “reflects QBE’s passion for building customer and employee satisfaction”. 

Mr Bhatia will join QBE within the next three months and will become a member of the Group Executive Committee, reporting to Mr Regan.

icare announced this morning that Group Executive Workers’ Insurance John Nagle has been appointed interim MD and CEO.