QBE FIRST Names Christopher Davies CEO

NEW YORK, March 23, 2012  /PRNewswire/ -- QBE FIRST, a business of QBE North America, has named Christopher "CD" Davies as chief executive officer.

In announcing Davies' appointment, QBE North America President and Chief Executive Officer John Rumpler cited Davies as a "strong and respected leader in the financial services industry with more than 24 years of mortgage experience covering all aspects of the business. He brings a strong track record of leadership in building, integrating and managing successful mortgage businesses."

Davies joins QBE from Capital One, where he has served as president of its home loans division. At Capital One he was responsible for creating a mortgage and home equity business, significantly increasing its presence in the industry, managing a major servicing and asset portfolio, integrating the mortgage business of the acquired Chevy Chase Bank and playing a leading role in the recent acquisition of ING Direct.

Davies began his career in the mortgage industry in 1988 with First Union Mortgage and after the acquisition of Wachovia, was named president and chief executive officer of Wachovia Mortgage in 2003. Prior to joining Capital One in 2009, CD was chief executive officer and vice-chairman of LendingTree, LLC.

QBE FIRST is a leading provider of mortgage- and auto-lender placed protection insurance, voluntary insurance products, loss-mitigation services and customized property tax solutions.

QBE North America is part of QBE Insurance Group Limited, one of the top 20 insurers and reinsurers worldwide. QBE Insurance Group's 2011 results can also be found at www.qbeamericas.com. Headquartered in Sydney, Australia, QBE operates out of 52 countries around the globe, with a presence in every key insurance market. The North America operation, headquartered in New York, conducts business through various property and casualty insurance subsidiaries. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's.

SOURCE QBE North America