QBE’s rapidly expanding European operations saw a further success this week, with QBE’s French operation being awarded a public tender by SNCF, France’s national rail operator, for its comprehensive General Liability programme. The new business demonstrates QBE’s growing cross-class abilities, as QBE already participates in the SNCF Property programme, and it is also the first significant General Liability win for the French corporate accounts business.
The new three year programme will see QBE become the lead insurer on the layer excess of €150m, and participate to layers up to €500m.
Commenting on the deal, General Manager for QBE in France, Jean Basset said: “This successful tender is a strong signal to the French General Liability market. It is the first time QBE has provided a significant capacity on a General Liability corporate account in France, and we are delighted to be selected by such a wellknown name as SNCF.”
In a joint statement Ash Bathia, Managing Director of Casualty for QBE European Operations and Doron Grossman, Managing Director of European Markets for QBE, said: “This is a fantastic win for QBE, demonstrating as it does, our successful expansion into a new class of business in this France. “This cross-class growth is facilitated by our programme of utilising skills across different regions to support our clients. In this case the win is an excellent example of intelligent collaboration between local underwriting and distribution capability, supported by QBE’s global technical expertise.”
