International insurer QBE is refreshing its commercial combined package business offering in Canada to meet the needs of middle market customers, with an augmented appetite and a dedicated team.
The product will focus on manufacturing, real estate, professional services, technology, financial institutions and construction to provide a holistic insurance solution for customers.
It will cover risks across property, business interruption, crime and casualty, with some enhanced coverages available by extension under a single combined policy. It will target business in the $30,000 to $300,000 insurance premium range with an initial regional focus on British Columbia, Alberta and Ontario.
The commercial combined team will be led by Jenny Yung, who joined QBE in August of 2022 as Combined Commercial Package Underwriting Manager.
Jenny has over 20 years of property & casualty underwriting experience, with the majority focused on underwriting mid-market accounts including strategy development.
Ben Hunter, Director of Canada, QBE, said: “Since the QBE Canada branch was launched in 2009, the focus has primarily been on writing large corporate risks, leveraging the strong reputation and appetite established within Lloyd’s. However, within Canada, the economy is dominated by small and mid-sized businesses, and we recognized our customers needed a solution that encompassed all of the risks they face in a streamlined way and saw considerable opportunity to target this sector.”
Ben continued: “Jenny’s knowledge, expertise and experience aligns well with QBE and the combined commercial package product. We will be looking to grow the team over the course of this year.”
For further information contact:
Cecile Brisson, Corporate Communications, QBE, 00442071054009, email@example.com
QBE helps businesses build resilience through risk management and insurance.
QBE Insurance Group is one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2022 was US$20 billion.
QBE opened its first Canadian office in 2010 in Toronto, and in 2015 we opened an office in Vancouver. Operating under a Lloyd’s underwriting license, we do business exclusively through partnerships with insurance brokers, with claims managed and settled in Canada by a dedicated team. We have a comprehensive product range from automobile fleet and cyber security to general liability and property and cover a wide range of risks for a broad spectrum of businesses.