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Borden departs as QBE restructures workers’ comp

QBE workers’ compensation GM Andrew Borden has left the company following a review and restructure.

The workers’ compensation portfolio has been moved into the Consumer and Retail Partners business unit, led by EGM Andrew Broughton. The portfolio will report to Adam Farr, GM Consumer Distribution.

“Unfortunately, this change means the role of GM workers’ compensation is no longer required,” QBE says in a note to the market.

The insurer’s involvement as an agent of NSW workers’ compensation will cease at the end of this year, after Insurance & Care NSW (icare) selected EML as its sole agent for new claims.

“We made the strategic decision to move our workers’ compensation portfolio into the Consumer and Retail Partnership business unit to ensure we have a dedicated focus on this key part of our business,” a QBE spokesman told insuranceNEWS.com.au.

Mr Borden took on the workers’ compensation role in March last year. He was formerly regional manager intermediary distribution for Victoria and Tasmania – a role in which QBE said he “established an exceptional reputation in the broker market”.

The spokesman says Mr Borden’s role has been the only one affected by the restructure, and the icare decision will not result in significant job cuts.

“QBE continues to be a major provider of workers’ compensation insurance across Australia, including underwritten workers’ compensation, NSW Treasury Managed Fund and self-insurance claims management services.”

“While icare’s decision regarding the management of NSW workers’ compensation claims was disappointing, we’ve retained the majority of our people through redeployment opportunities within the business.”

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