Interim CEO appointed

QBE Insurance has appointed Inder Singh, currently chief financial officer of its Australian and New Zealand Operations (ANZO), as interim ANZO CEO.

The move follows the recent announcement of Pat Regan, currently ANZO CEO, taking over from John Neal as Group CEO of QBE from January 2018. Neal has stepped down after five years in the top position.

The company stated that a search for a permanent CEO for ANZO has commenced, but given it’s unlikely a replacement will be found before Regan commences his new role, an interim solution has been implemented for the transition period.

Singh will continue the momentum the ANZO business has built on financial performance and will be specifically supported in the management of the business by the two heads of distribution, Andrew Broughton, executive general manager consumer and retail partnerships and Jason Clarke, executive general manager intermediary distribution, it added.

Regan said: "I'm very confident in Inder and the wider leadership team in leading us through this transition period, continuing to focus on the great work we've been undertaking to set the business up for the future and successfully deliver on our plan for 2018 and beyond."

"With these leaders in place, we can be sure that the teams continue their focus on performance and that our customers and partners remain at the heart of what we do."