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QBE promotes regional CFO amid wider revamp

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QBE has appointed Inder Singh as Group CFO and announced other senior management changes as it accelerates plans designed to deliver improved performance.

Mr Singh, currently Australian and New Zealand CFO, takes over from Michael Ford, who leaves after less than a year in the top finance role.

In other changes, reported in an insuranceNEWS.com.au Breaking News bulletin last week, Peter Grewal becomes Group Chief Risk Officer, joining from Swiss Re, while Liam Buckley, who held that role on an interim basis, becomes Group Head of Culture and Talent.

Matt Mansour has been named Group Chief Information Officer, moving from Barclays, where he is Chief Technology Information Security Officer.

Anders Land is now formally Group Head of Internal Audit after eight months acting in the role.

Group CEO Pat Regan, who took the top job at the start of the year, says creating a stronger and simpler QBE includes prioritising moves to improve underwriting quality, pricing and claims handling for each of its markets and products.

“To deliver this plan we need a senior management team with deep insurance expertise and the capabilities required to build on QBE’s strengths and to deliver excellence across the group consistently,” he said. “I am confident these appointments will assist significantly in delivering on our priorities [this year] and beyond.”

Mr Regan says the search for a Chief Underwriting Officer and to fill a new group executive role is “progressing well”.

New Group CFO Mr Singh has been with the company since 2015, when he joined as group head of corporate development. He was later appointed head of financial planning and analysis, before becoming the regional CFO.

Previous positions include group corporate development and mergers and acquisitions director for Aviva, and executive director, financial institutions group, at UBS Investment Bank in London.