QBE has announced Chris Wallace has been appointed executive director of QBE’s UK Insurance business taking over the role from Cécile Fresneau, who was promoted to run the European Operations Insurance division earlier this year, and into whom Wallace will continue to report.
Effective 1 November, subject to regulatory approval, the firm said Wallace will assume leadership for the UK business in tandem with his current responsibilities as executive director for Europe.
He will lead both the UK and Europe businesses until 31 March 2022, at which point he will hand over the Europe role to a yet to be appointed person.
Wallace has been with QBE since 2008 and has held a number of senior positions during his tenure. QBE added he has a “proven track record” of delivering organisational and operational change, most recently while also overseeing the profitable growth and expansion of QBE’s European portfolio.
Cécile Fresneau, MD – Insurance Division QBE, said: “Chris was instrumental in driving change across our European portfolio and has ensured our teams across Europe are on track to deliver their ambitious growth plans.
“We have a clear opportunity to strategically expand our business in the UK and I have every confidence that Chris is the person to help make that happen.”