QBE Insurance Group Limited announced the appointment of Vivek Bhatia as Chief Executive Officer, Australian and New Zealand Operations (ANZO), following an extensive global search. The role reports to Pat Regan, Group Chief Executive Officer, and forms part of the Group Executive Committee.
Vivek joins QBE from icare, the NSW Government public financial corporation managing the state’s insurance and care schemes. With more than AU$30 billion in assets and AU$6.7 billion in income, icare is one of the largest social insurers globally. He played a critical role in the formation of icare in 2014 and was appointed as the inaugural Chief Executive Officer and Managing Director. Prior to this he co-led the Asia Pacific Restructuring and Transformation practice at McKinsey & Company and before that, was the Chief Executive Officer, Australian Underwriting Operations at Wesfarmers Insurance.
Vivek replaces Pat Regan who was appointed Group Chief Executive Officer in September 2017 from the role of Chief Executive Officer, ANZO.
Vivek will join QBE in the first quarter of 2018 and will be based in Sydney.