New York appointment signals expansion into political risk, trade credit and surety treaty lines
QBE Re has appointed Lian Phua as head of credit reinsurance as it expands into the class.
Phua (pictured) brings 20 years of insurance market experience, with a focus on political risk and credit.
She joins from AXA XL, where she led the Americas business for political risk, credit and bond.
In the newly created role, Phua will set the strategic direction for QBE Re’s credit portfolio.
Her remit includes developing underwriting strategy for political risk, trade credit, surety, mortgage and other credit treaty lines globally.
Phua will be based in New York and report to Salvatore Sama, executive director for North America at QBE Re.
She will also work closely with Shane Lawlor, executive director and head of specialty.
Salvatore Sama, executive director for North America at QBE Re, said the move marks a targeted expansion for the reinsurer.
“Credit reinsurance is a key targeted area of growth,” Sama said.
“We are pleased to welcome Lian to this role and are confident her leadership experience and credit underwriting pedigree will be an asset to QBE Re,” Sama said.
“Our expansion into credit reinsurance will play an important component for QBE Re as we look to further diversify our portfolio and anticipate continued growth in this market in coming years,” he added.
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