QBE Europe appoints Francisco Castro Yebra as senior underwriter, W&I

The European arm of global insurance and reinsurance group QBE has expanded its warranty and indemnity (W&I) team with the appointment of Francisco Castro Yebra as senior underwriter.

The appointment follows the rise of Mergers and Acquisitions (M&A) activity this year, according to QBE. Yebra will be based in London underwriting deals across the UK and Europe.

He joins the group from managing general agent (MGA) ICEN Risk where he placed W&I policies for transactions ranging from SMEs to mega deals and covering sectors such as real estate, renewables, and technology.

Yebra is qualified both in Spain as an abogado admitted to the Vigo bar, and in England and Wales as a solicitor. In Spain, he worked for three years for the corporate and M&A department of the law firm, Cuatrecasas. After law, he started working at Lloyd’s in 2021.

Toria Lessman, Global Head of Transactional Liability at QBE, commented on the appointment, “The M&A market is recovering and I’m very excited we are growing the team with international talent, in London with Fran, and soon also in Sweden with an upcoming appointment for the Nordics.”

W&I insurance offers protection for unknown breaches of target and seller representations and warranties in a purchase agreement.

The QBE product is focused on M&A in consumer goods, energy, financial services, healthcare, infrastructure and utilities, media, real estate, retail and technology.

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