QBE Insurance Group chair Mike Wilkins will retire at the annual general meeting next May after six years in the role and a decade on the board.

He will be succeeded by Yasmin Allen, who became a director in July 2022. She has experience across sectors including insurance, energy, healthcare and technology.

“Mike has guided QBE through significant transformation, strengthened governance and championed our purpose of enabling a resilient future,” Ms Allen said today.

“His deep industry expertise and unwavering commitment to performance and culture have left a lasting legacy.

“We are grateful for his contribution and wish him every success in the future.”

Mr Wilkins, who led IAG for seven years until 2015, says it has been a privilege to serve on the board.

He was also previously Promina Group CEO and Tyndall Australia MD, and was a founding member of the Australian Business Roundtable for Disaster Resilience & Safer Communities.

Ms Allen is currently a Santos non-executive director and chair of the Digital Skills Organisation, and has held director and chair roles at groups including IAG and Macquarie Global Infrastructure Funds.

“Yasmin brings exceptional business credentials, deep board experience and a strong understanding of governance and stakeholder engagement,” Mr Wilkins said. “I have every confidence in her ability to guide QBE into its next chapter.”

Group CEO Andrew Horton says under Mr Wilkins’ guidance QBE has strengthened its performance and culture, and his counsel has been greatly valued.

“I welcome Yasmin and look forward to working closely with her following Mike’s retirement next May,” he said.