QBE North America, a prominent provider of property and casualty insurance solutions, has announced the appointment of Matt Westhoff as president of its Commercial Insurance business.
The move, which becomes effective November 11, 2024, will see Westhoff oversee a portfolio exceeding $1bn, which encompasses workers’ compensation, property programmes, commercial construction, and specialty casualty lines, according to the Coverager.
As a leader in the insurance sector, QBE North America offers a range of insurance products and services tailored to meet the diverse needs of its clients.
The company is dedicated to delivering innovative and effective insurance solutions while maintaining a strong focus on risk management and client relationships.
Westhoff brings extensive experience in the insurance industry, particularly in large commercial and commercial property lines.
In his new role, he will be responsible for driving strong underwriting and financial performance within the Commercial Insurance portfolio.
His leadership will emphasise profitable growth, disciplined portfolio management, and fostering robust relationships with trading partners and distribution channels.
In addition to his role as president, Westhoff will concentrate on establishing a new excess and surplus property business to enhance QBE’s growing Specialty Casualty portfolio.
His strategic approach involves leveraging the company’s effective distribution model, which prioritises a selective wholesale and limited retail channel strategy to ensure a personalised customer experience.
Westhoff joins QBE from a successful career in the insurance industry, marked by a commitment to building and scaling high-performing businesses.
His background includes a strong focus on portfolio management, underwriting excellence, and leadership, making him well-suited for his new position. He is based in New York and succeeds Mike Foley, who transitioned to chief underwriting officer for North America after serving as QBE North America’s president of Commercial Insurance since March 2022.
“Matt brings a wealth of experience and a new perspective to the role and my management team. We are committed to the property and casualty segment and Matt’s experience building profitable businesses from the ground up combined with his focus on talent, culture and broker relationships will be invaluable as we look to scale and grow. As an immediate focus, I have asked Matt to build a new excess and surplus property business to complement our growing Specialty Casualty portfolio. He’ll leverage the effective and successful distribution model we have in place which is characterised by a very limited retail and selective wholesale channel strategy that ensures we deliver a strong, personalised customer experience.” – QBE North America CEO Julie Wood.
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