Powered by MOMENTUM MEDIA
the adviser logo
Lender

QBE chief steps down

by Lachlan Maddock1 minute read
QBE chief steps down

The CEO of QBE Insurance Group has stepped down following an investigation into his workplace communications and conduct.

Pat Regan will depart QBE after almost three years in the role following an external investigation into workplace communications that the company’s board decided “did not meet the standards set out in the group code of ethics and conduct”.

“We are committed to having a respectful and inclusive environment for everyone at QBE,” said group chairman Mike Wilkins.

“The board concluded that he had exercised poor judgement in this regard. While these are challenging circumstances, the board recognises and thanks Mr Regan for his hard work and contribution to strengthening QBE. However, all employees must be held to the same standards.”

Mr Wilkins will assume the role of executive chairman, taking on day-to-day oversight of QBE, while the company looks for a new CEO. The board will also launch an externally supported culture review and create a new avenue for employees to raise concerns and receive support.

“We want our people to have the avenues they need to safely speak up, with the confidence that they will be heard and that all concerns raised will be treated consistently across our workforce,” Mr Wilkins said.

 [Related: Major brokerage appoints state manager]

man exit door mb aeb

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

CEO Sleepout Pepper Money

Mortgage industry raises more than $160k in CEO Sleepout

On 23 June 2022, several CEOs and directors in the mortgage and finance industry spent a night without shelter to...

READ MORE
alex whitlock

New membership program revealed for The Adviser

Members will be able to access exclusive sales and marketing strategy, business intelligence and exclusive market...

READ MORE
Hot property TA

Hot Property: The biggest property headlines from the week 27 June to...

Welcome to The Adviser’s weekly round-up of the headline stories and news that are important not only for the...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more