Australian insurance firm QBE has appointed John Rumpler as chief executive officer of its Americas division. He was previously group general manager for credit and surety at the firm.
Rumpler succeeds QBE's chief operating officer Vince McLenaghan, who was also acting president and chief executive officer of the America division since June 2008.
QBE said that the Americas division will continue its strategy of growth and focused diversification through its four operating units – QBE Regional, QBE Reinsurance and QBE Specialty in the US and QBE Latin America in Argentina, Brazil, Columbia and Mexico. The Americas division's net income last year was $236m on its $3.7bn in gross written premium.
"We expect a seamless transition," said McLenaghan in a statement. "In John's previous role, he was closely involved in the development of our US trade and credit surety business, and recently in the acquisitions of the Exporters team and ZC Sterling. He is well equipped to take the helm and continue QBE's momentum in the Americas."