QBE has announced that Jeremy Lau will take on the role of chief underwriting officer for its Asian division, starting Aug. 1.
Lau (pictured), who will be based in Hong Kong, is set to work closely with Rob Kosova, CEO of QBE Asia, and Nick Hankin, chief underwriting officer for QBE International.
Lau has more than 25 years of experience in the fields of actuarial science, underwriting, and distribution. He has been with QBE Asia since 2016, serving as chief actuary.
He succeeds Andy White, who has moved to the position of group head of underwriting strategy and performance.
In his new capacity, Lau will oversee the underwriting strategy, governance, and performance for QBE Asia.
“I am delighted that the leadership team has shown confidence in me, and I do not take my added responsibilities lightly. QBE places great emphasis on talent and providing opportunities to all staff – my new appointment is testament to this. I look forward to closely collaborating with Rob and Nick moving forward,” Lau said.
Kosova, who was appointed as QBE Asia CEO early this year, emphasised Lau’s significant experience in underwriting and risk management.
“Jeremy’s leadership and deep understanding of underwriting and risk management will be instrumental in driving our strategic initiatives and strengthening our market position in the region. We are thrilled to have Jeremy continue this journey with us, and I am confident that Jeremy’s expertise and commitment will contribute significantly to our long-term growth and success here and globally,” he said.
QBE Asia operates as part of the international division of QBE Insurance Group Limited, a major global general insurance and reinsurance company that reported a small increase in gross written premium (GWP) for the first quarter of 2024. In April, the group appointed a new group head of sustainability – responsible for overseeing sustainability governance, implementing related strategies, addressing human rights and modern slavery, and steering social impact via the QBE Foundation.
QBE Asia was named as The Best Insurance Companies to Work for in Asia. Read the full report here.
