QBE NA appoints Beazley’s Matt Westhoff as President of Commercial Insurance

QBE North America, part of the global insurer, has announced the appointment of Matt Westhoff as President of its Commercial Insurance business, effective November 11, 2024.

In this role, Westhoff will oversee QBE’s $1 billion-plus Commercial Insurance portfolio, covering workers’ compensation and property programs, commercial construction, and specialty casualty lines. His focus will be on driving profitable growth, maintaining disciplined portfolio management, and strengthening relationships with trading partners and distributors.

Based in New York, Westhoff succeeds Mike Foley, who has transitioned to Chief Underwriting Officer for North America after serving as President of Commercial Insurance since March 2022.

Julie Wood, CEO of QBE North America, expressed enthusiasm for Westhoff’s appointment, stating: “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.”

She added: “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.”

Westhoff brings over 20 years of industry experience to his new role. He joins QBE from Beazley, where he spent the past five years, most recently as Head of North America Commercial Property.

Previously, he served as Vice President, Northeast Region, Property at Berkshire Hathaway Specialty Insurance, and held senior roles at AIG, Sterling & Sterling, and Liberty Mutual Insurance.

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