Horton Becomes QBE’s CEO; SiriusPoint’s Gibbons Named Head of QBE Re Bermuda

Andrew Horton, the former CEO of Beazley, officially became QBE’s new group CEO on Sept. 1 – an appointment that was originally announced in March. Also on Sept. 1, QBE Re announced the appointment of SiriusPoint’s Tracey Gibbons as head of QBE Re, Bermuda.

“Andrew is an inclusive and collaborative executive, known for driving positive change and high performance. With more than 30 years’ experience across insurance and banking, his deep understanding of the insurance landscape and the opportunities and challenges across each of our markets, see him well placed to build QBE for the future,” said QBE’s announcement on Twitter, which welcomed Horton to the company. (See below for Horton’s biography).

QBE had a management reshuffle in October 2020 after the former CEO Pat Regan was forced to step down, following a complaint from a female employee in the United States.

Gibbons joins from SiriusPoint where she was senior vice president. She brings over 30 years’ experience to the role and a remit to develop the Bermuda product offering to QBE Re’s platform, having held senior roles at Third Point Re and Allied World. In her new role, she will report to Steve Postlewhite, managing director, QBE Re.

David Cary’s role will also expand, as senior vice president, underwriting manager, and head of Property and Casualty Bermuda, he will assume responsibility for the day-to-day line management of the growing underwriting team in Bermuda.

QBE Re also welcomes Greg van der Made as treaty underwriter to the Bermuda office as part of the expanded focus. van der Made joins from SiriusPoint and will focus on building the region’s specialty and property reinsurance book in his new role.

“We’re seeing increased demand from our Global clients for specialty reinsurance and property business in Bermuda and see a renewed opportunity under multiple lines within Tracey’s and David’s leadership. With the addition of the new team members, we are excited about continuing our long-standing commitment to this market,” commented Postlewhite.

Andrew Horton’s Biography

Horton joined Beazley as finance director in June 2003 and became CEO in 2008. During his tenure as CEO, the company profitably grew by around 10% per annum and it successfully added international operations on what had been a purely London-based company, said QBE in its announcement about the appointment. Prior to Beazley, Horton spent 15 years in the banking industry at ING, Nat West and Lloyds Bank in a variety of finance roles, ultimately being the UK chief financial officer for ING’s wholesale banking division.

He qualified as a chartered accountant with Coopers and Lybrand in 1987. Horton completed a Bachelor (Hons) of Natural Sciences from the University of Cambridge and was a non-executive director of investment management firm, Man Group from 2013 to 2020.

Source: QBE Insurance and QBE Re

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