Trade credit boost for QBE

QBE European Operations has hired Ray Massey to the position of manager, risk underwriting Europe, in its trade credit business.

Massey will join QBE’s trade credit team at the end of March 2010. He has nearly two decades of experience in the UK credit market, holding senior positions at AIG, Amlin and Euler Hermes.

Massey takes up the role from Martin Penn who moves into the new role of manager, risk management.

In addition to these developments, Deepa Devalia has joined QBE’s risk underwriting team having undertaken similar roles with both Coface and Amlin Credit.

Trevor Williams, portfolio manager, trade credit, QBE European Operations, said: “The appointment of yet more talent and experience to this division further demonstrates QBE’s commitment to invest in its Trade Credit business. We continue to enhance the management and support we provide for our existing clients whilst at the same time working with brokers to identify and develop new business opportunities.”