Management changes at QBE

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Colin Fagen has been appointed to the newly created role of Chief Executive Officer for Australian operations. Mr Fagen has worked at QBE for over 12 years, previously, holding a number of senior executive roles in the Australian operations, and was most recently Executive General Manager – Intermediary Distribution. Michael Goodwin, who has been with QBE for over 12 years, will continue as the Chief Executive Officer, Asia Pacific operations. Both Mr Fagen and Mr Goodwin will be members of the QBE Group Executive team and report to Mr John Neal, Chief Executive Officer, Global Underwriting operations.

Due to the recent structural changes in the company the role of Australia Asia Pacific Chief Executive is no longer necessary. QBE reports that Vince McLenaghan, the current CEO in this role, supports the changes and has decided to leave QBE and pursue other interests.

QBE Group Chief Executive Officer, Frank O’Halloran, said “The changes to the management structure of our Australia Asia Pacific operations reflect the natural progression of these successful businesses to a more independent future. It is disappointing to lose a loyal executive in Vince McLenaghan who has held senior positions in QBE for over 16 years. I wish him well for the future.”

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