QBE North America Announces Appointment of Russell Johnston as Chief Executive Officer, North America Operations; David Duclos to Retire from Full-Time Executive Employment

News provided by

May 02, 2016, 06:21 ET

NEW YORK, May 2, 2016 /PRNewswire/ -- QBE North America, an operating division of QBE Group, today announced that Russell Johnston will be joining QBE on May 31, 2016, in the role of Chief Executive Officer, North American Operations. Mr. Johnston will succeed David Duclos who is retiring from full-time executive employment. Mr. Duclos has agreed to remain with QBE as a Non-Executive Director of QBE Emerging Markets and Equator Re, as well as offering his market expertise to operational initiatives across QBE Group.

Mr. Johnston has more than 25 years' experience in the insurance industry in North America, and has held a range of senior business and operational roles since joining American International Group Inc. (AIG) in 1990. From 2011 to November 2015 Mr. Johnson served as President of AIG Casualty in the Americas, with responsibility for all U.S., Canada, Bermuda and London-based U.S. Casualty underwriters.

John Neal, Group Chief Executive Officer said of the appointment: "I am delighted to welcome Russ to QBE, bringing his depth of industry experience at some of the most global insurers to build on the firm foundations established by Dave."

Mr. Neal added: "Since joining QBE in 2013, Dave has done a remarkable job of transforming and refocusing QBE's North American business, posting three consecutive years of performance improvement. Our business is now built on a sound platform for profitable growth as a specialist insurer and reinsurer. I am pleased we will continue to have access to Dave's energy, skills and enthusiasm as we grow our global business."

Mr. Johnston will be based in New York.

About QBE

QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2015 of $4.6 billion. QBE Insurance Group's 2015 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 43 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's. Additional information can be found at www.qbena.com, or follow QBE North America on Twitter.

Photo - http://photos.prnewswire.com/prnh/20160502/362609

SOURCE QBE North America