QBE appoints Ed Rainsford as Chief Risk Officer, Australia Pacific

Global insurer QBE has announced the appointment of Ed Rainsford as Chief Risk Officer for Australia Pacific.

Rainsford has been with QBE Insurance for a decade, holding various senior roles.

He joins the QBE Australia Pacific business from the QBE Group Risk and Compliance team where he served as Group Chief Compliance Officer for two years.

Prior to that, he was Chief of Staff, Office of the Group CEO for over four years.

In 2016, Rainsford held the role of Vice President, Transaction Liability at QBE North America.

Earlier in his career, he was a Senior Associate at Corrs Chambers Westgarth for two years and a Lawyer at Bird & Bird for eight years.

Meanwhile, in their results for the first half of 2024, QBE reported a statutory net profit after tax of $802 million, compared with $400 million last year, as the company’s combined ratio improved to 93.8% from 98.8% on the back of lower catastrophe costs, more stable reserve development, and supportive premium rate increases.

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