Amid increased levels of mergers and acquisitions (M&A) activity in Europe, QBE will begin offering warranty and indemnity (W&I) insurance in the region.
“This is an exciting opportunity to support our customers in the M&A market,” said QBE Europe economic lines director Jamie Thompson.
“We are delighted that Toria will be joining QBE Europe’s economic lines team to spearhead the rollout of our new W&I product. She brings considerable specialist expertise to the role, having successfully grown the TLI (transactional liability insurance) industry for QBE North America.”
Thompson was referring to Toria Lessman, who has been with QBE since 2011 and will now be in charge of forming a dedicated team for the new product.
According to the international insurer, the plan is to initially hire three people. The specialized unit will start operating in London before eventually growing into an underwriting team spread across QBE’s European markets.