QBE Insurance Group has announced a major reshaping of its senior management team after previously announcing its intention to create a new strategy team.

The group has appointed Inder Singh as group CFO to replace Michael Ford who will be leaving the company. Singh is currently the CFO for QBE's Australian and New Zealand operations.

QBE also announced that Peter Grewal will join as group chief risk officer in July with interim group chief risk officer Liam Buckley moving to the new position of group head of culture and talent.

QBE group CEO Pat Regan says the move comes as part of a shift in strategy for the company and senior management.

“We have commenced an accelerated reshaping of the company's strategic focus to create a stronger and simpler QBE.

“To deliver this plan, we need a senior management team with deep insurance expertise and the capabilities required to build on QBE's strengths and to deliver excellence across the group consistently."

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