The 2027 Executives to Watch: QBE North America’s Matt Westhoff

Matt Westhoff, President, Commercial Insurance, QBE North America

Matt Westhoff oversees a $1 billion-plus commercial portfolio at QBE North America. In addition to managing that portfolio, he is leading the launch of a new excess and surplus (E&S) property business. He became president of commercial in 2024, giving him time to assess the division’s specialties and growth potential.

“Since stepping into the role, our focus has been on building a more specialized and profitable commercial business. The strongest growth areas have been construction, specialty casualty and the launch of our commercial property business,” Westhoff said.

“We’ve invested in experienced talent, strengthened underwriting capabilities and expanded broker relationships to support growth in each of those areas,” he added.

“More importantly, we’ve remained disciplined in how we grow. Our focus is on areas where QBE can bring deep expertise, strong underwriting and differentiated solutions to customers and brokers, creating sustainable growth and long-term profitability.”

Insureds face a range of challenges, including liability exposures, changing weather patterns and macroeconomic factors that are making business prospects hard to predict.

“Customers are navigating an environment marked by economic uncertainty, rising loss costs, weather volatility and an increasingly challenging liability landscape. Many are balancing growth opportunities while facing greater complexity and risk than ever before,” Westhoff said.

“As a result, they need more than insurance capacity. They need carrier and broker partners who understand their businesses, provide timely insights and help them make informed risk decisions. The strongest partnerships will combine expertise, responsiveness and proactive risk management to help customers navigate uncertainty and grow with confidence. This is where we believe QBE is at its best: bringing specialized expertise, underwriting discipline and a strong commitment to helping customers solve increasingly complex risk challenges.”

In an interview with Risk & Insurance published in March 2025, Westhoff also discussed broader challenges in the insurance industry.

“One of the biggest challenges the insurance industry faces is transparency and simplicity,” he said at the time. “For example, when a customer files a claim and then sees their premium increase, they often don’t understand why, largely because no one has clearly explained it to them.

“Insurance plays a crucial role in helping businesses navigate… uncertainties, taking on risk so they can continue operating and recovering after catastrophes.

“However, the general public doesn’t always fully understand the industry’s value in this evolving risk environment. We, as an industry, need to do a better job of explaining how we provide stability and protection amid these challenges.”

Talent acquisition and retention dynamics are probably never far from the minds of insurance leaders. In that 2025 interview, Westhoff shared his thoughts on his approach to hiring.

“Character is the foundation when considering new hires,” he said. “While capabilities and expertise are certainly important, I place a strong emphasis on hiring good people who will help shape and drive the desired culture we want to build at QBE North America.” &


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