QBE North America promoted Christopher Castaldo to become its new chief financial officer.

Castaldo’s new job will be subject to completion of various regulatory requirements. Plans call for him to take on the CFO role as of March 2020. As well, he’ll serve as a member of the QBE North America Executive Committee.

In his new role, Castaldo will be responsible for leading and shaping the strategy for the division, while driving performance and long-term, profitable growth. At the same time, he’ll continue to align the division behind QBE’s Global finance goals, focused on protecting and growing shareholder value.

Castaldo will be based in New York and report to Todd Jones, Chief Executive Officer, QBE North America.

Castaldo is a 20-year insurance industry veteran who has been with QBE for eight years. He spent five in the North America division where he served as a leader in both the FP&A and corporate development functions. In 2017, he was appointed Group Head of FP&A where he helped shape the strategy for the Group and led a number of transformation initiatives. Specifically, he led the Group’s business planning process, drove performance management initiatives and supported strategic decisions focused on corporate development and capital management activities.

Before joining QBE, Castaldo spent 5 years at AIG in a series of roles including Director, Strategic Planning and Corporate Development.

Source: QBE North America