Senior exec exits QBE Hong Kong

March 25 2019 by Andrew Tjaardstra

InsuranceAsia News understands Ian Ovenden, head of underwriting and distribution for QBE in Hong Kong, has left the company.

He has been in the role at QBE since August 2016 and previously worked at RSA in London and Hong Kong, where he later joined Allied World after the insurer acquired RSA’s Hong Kong and Singapore units.

According to a senior market source, InsuranceAsia News understands that Rodney Bond, regional head of workers’ compensation since January 2018, will be becoming chief underwriting officer for Hong Kong.

In addition Cynthia Huang, head of financial professional risks, has been appointed head of employees’ compensation, liability and financial professional risks for Hong Kong and Vicky Lam has been promoted to head of commodity underwriting for Hong Kong.

Sydney-headquartered QBE is in the process of transferring its problematic US$200 million Hong Kong employee’s compensation book to Swiss Re Corporate Solutions.

Lei Yu took over the role of chief executive North Asia at QBE last October after previously being chief executive of Marsh Hong Kong. She replaced Jason Hammond, who has recently relocated to Singapore to take the role of chief executive Asia. QBE Asia is now part of the firm’s international division.

QBE has not yet provided any comment to InsuranceAsia News.