QBE director Peter Wilson will leave on December 31 to join a competitor, the insurer has told the Australian Securities Exchange.

Mr Wilson, who became a non-executive director in September 2023, is a member of the insurer’s audit and risk and capital committees.

QBE’s statement to the ASX says Mr Wilson has decided to “pursue an opportunity with another carrier that competes with [us]. QBE will shortly commence a process to identify a suitably qualified replacement candidate, ensuring an effective transition and continued focus on strong governance.”