QBE North America, an operating unit of global insurer QBE, has appointed Christopher Castaldo as new CFO.

The appointment, which is subject to the regulatory approvals, will be effective March this year.

To be based in New York, Castaldo will serve as a member of the QBE North America executive committee and will report to QBE North America CEO Todd Jones.

In the new role, Castaldo will be accountable for leading and planning strategy for the division. He will also be responsible for driving performance and long-term, profitable growth.

As a CFO, Castaldo will also look after the financial objectives of the division.

Castaldo has been involved in the financial services and Property & Casualty insurance sector for almost 20 years.

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By GlobalData

He has been working for the present company for the last eight years.

Castaldo spent five years in the North America unit where he was a leader of both the FP&A and corporate development functions.

Todd Jones said: “Chris is a proven leader who a global perspective and deep financial acumen to this critical role.

“I’m confident that his deep institutional knowledge gives him the lens necessary to continue to transform our finance function, as we continue to evolve our business to build competitive strength in the marketplace and achieve profitable and sustainable growth.”

Based in Sydney, Australia, QBE provides services to 31 countries around the world, with a presence in every key insurance market.

On the other hand, headquartered in New York, the North America unit conducts business through its property and casualty insurance subsidiaries.