QBE Insurance Group has appointed Andrew Horton as Group Chief Executive Officer, replacing Richard Pryce who acted in the role on an interim basis. Subject to regulatory approvals, Horton will commence with QBE on 1 September 2021, based in Sydney.
Mike Wilkins, Chairman of QBE, said the company was delighted to attract a high-calibre global financial services executive with more than 30 years’ experience across insurance and banking, as well as extensive experience across international markets.
“Andrew is an inclusive and collaborative executive who places a strong focus on risk, culture and relationships,” he said. “He is known for driving positive change and high performance and has built a well-respected business over a number of years. His deep understanding of the insurance landscape and the opportunities and challenges across each of our markets see him well placed to build QBE for the future.”
Horton is currently Chief Executive Officer of Beazley, a UK-listed specialist insurer with operations across Europe, the US, Canada, Latin America and Asia, a role he has held since 2008. Before becoming CEO at Beazley, Horton was Chief Financial Officer.
“I am honoured to be appointed to lead QBE, a strong international insurer with an impressive global footprint and talented people,” said Horton. “I look forward to joining the team and continuing to support QBE’s customers, people, shareholders and broader communities.”
After Horton begins at QBE, Pryce will move to an advisory capacity, providing a three-month leadership transition before retiring from the company in December.
“I would like to thank Richard Pryce, who stepped in and led QBE with focus and clarity at a critical time for the group,” said Wilkins. “On behalf of the board, we wish him every happiness in retirement, and we thank him for his commitment and service to our company over many years.”