Australian insurer QBE has appointed Kevin Shallow as director of underwriting and product head of marine.
He replaces veteran Tim Pembroke, who is retiring after 24 years with QBE and 38 years in marine insurance.
Shallow’s appointment is an internal move — he is currently portfolio manager in the marine division.
He has been with QBE, one of the world’s largest insurers and reinsurers, since 2005, including time spent in Singapore developing its Asian marine business.
QBE also credited Shallow with being instrumental in recent years in the development of its portfolio solutions underwriting unit in the London market, driving significant growth.
Peter Burton, executive director of international markets at QBE European operations, said: “I have no doubt that Kevin will continue to develop and expand on the legacy Tim leaves as a leading marine operation in the international marketplace and the continued expansion of the marine product into our European business.
“Kevin brings a diversity of insurance and marine experience to this role, meaning he is well suited to lead the next phase of our marine portfolio’s development.”
QBE owns British Marine, the largest of the dedicated fixed premium protection and indemnity insurers. It also offers all the main commercial marine insurance lines. including hull and war cover insurance from London, Houston and the UK, as well as cargo cover.
Shallow’s appointment is subject to regulatory approval.
