QBE ANNOUNCES MANAGEMENT TEAM FOR LIMIT UNDERWRITING LTD

Australian insurance group QBE, which acquired Lloyd’s managing agency Limit in August, has announced details of a new Limit management team. The appointees will be responsible for managing Limit Underwriting Ltd (LUL), which is to be the sole managing agency for QBE’s Lloyd’s business portfolio. The portfolio, which includes syndicate 2999 and its sub-syndicates, was previously managed by QBE Underwriting Agency Ltd. Robert Grant, QBE’s general manager of European operations, is to be chairman of LUL, with Steven Burns taking on the role of CEO. Steven Burns has been with Limit for 14 years and has been managing director and finance director for the past year. Limit’s former underwriting director Peter Grove will retain the title and John Lorberg, formerly managing director of QBE Underwriting Agency Ltd, will be operations director. David Winkett, formerly QBE business strategy manager, has been appointed finance director and David Lang, formerly QBE agency operations director and actuary, becomes Limit’s senior actuary.