QBE’s transition to full ownership highlights how relaxed foreign entry rules are unlocking long-term growth and operational control for global insurers in the country.
The Sydney-based insurer has appointed Mark Lingafelter to develop the region into a growth engine for QBE group. He will oversee underwriting, distribution and overall management.
The Australian insurer is raising its $31 billion portfolio’s exposure to risk assets and planning its first allocations to alternatives. This will mean more use of external managers.