Rob Kosova
Executive Director
Rob was appointed as QBE Asia’s Chief Executive Officer on 1 April 2024. He joined QBE in November 2018 as a General Manager for People’s Risk and Commercial portfolio. Rob has led a progressive team during that time, most recently leading underwriters from the Australia Pacific division accountable for customer and partner journeys across multiple product lines, including workers compensation, property, marine and commercial motor as well as their risk solutions team.
Rob has a background in risk management and consultancy, spanning all areas of business risk exposure, and has held roles on the insurer, broker and customer sides of the insurance industry.
Prior to his role at QBE, Rob worked for approximately 8 years on the customer side as a GM of Risk and Insurance and 10 years on the insurance broking side.
Saw Teow Yam
Independent Non-Executive Director
Ms Saw Teow Yam (Yen), was appointed as an Independent Non-Executive Director of QBE Malaysia on 5 November 2020. She is the Chairman of the Risk and Capital Committee and Remuneration Committee. She is also a member of the Audit Committee and Nomination Committee. She holds a Bachelor of Economics (Honours).
Yen brings 30 years’ experience in insurance and reinsurance in the Asia Pacific region across business development, marketing and distribution, operations, and client servicing. She was the Chief Executive Officer of Tokio Marine Insurance (Malaysia) Berhad, from which she retired in 2016. Prior to that she led Aviva’s Indonesian franchise and ran CIMB’s Assurance business. Yen is an innovative thinker with a passion for technology and currently runs her own consultancy connecting reinsurance companies with investors and tech businesses.
For the Financial Year Ended 31 December 2020
Corporate Governance
Financial Reporting
The Directors are responsible for ensuring that the accounting records are properly kept and that the Company’s financial statements are prepared in accordance with Malaysian Financial Reporting Standards (“MFRS”), International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia.
The Board and senior management receive regular financial and management reports to enable them to effectively monitor the financial performance and condition of the Company in relation to the corporate objectives and responsibilities.
Meetings of Directors
| Full Meeting of Directors | Audit | Nomination | Renumeration | Risk & Capital | |
| Number of meetings held during the year | 7 | 4 | 4 | 2 | 4 |
| Number Attended | Number Attended | Number Attended | Number Attended | Number Attended | |
| Dato' Koh Hong Sun (Retired on 17 November 2020) | 5 | 3 | 4 | 2 | 3 |
| Arunothayam Rajaratnam | 6 | 3 | 3 | 1 | 3 |
| Dato' Tan Ang Meng | 7 | 4 | 4 | 2 | 4 |
| Jason Andrew Hammond | 7 | 4 | 4 | 2 | 4 |
| Saw Teow Yam (Appointed on 5 November 2020) | 2 | 1 | 0 | 0 | 1 |
Directors and their Interests in Shares
a) The Directors who have held office since the date of the last report are as follows:
- Dato’ Koh Hong Sun (Retired on 17 November 2020)
- Dato’ Tan Ang Meng
- Arunothayam Rajaratnam (Appointed as Chairperson on 18 November 2020)
- Jason Andrew Hammond
- Saw Teow Yam (Appointed on 5 November 2020)
b) In accordance with Regulation 63 of the Company's Constitution, Arunothayam Rajaratnam retired by rotation at the forthcoming Annual General Meeting and being eligible, offers herself for re-election.
c) In accordance with Regulation 68 of the Company’s Constitution, Saw Teow Yam who was appointed during the financial year, retires at the forthcoming Annual General Meeting and being eligible, offers himself for re-election.
d) According to the Register of Directors’ Shareholdings required to be kept under Section 59 of the Companies Act 2016, the interest of the Directors in office at the end of the financial year in shares in the Company or its holding company or subsidiaries of the holding company during the financial year were as follows:
| Shares in QBE Insurance Group Limited | At 1.1.2020 | Acquired | Extinguished | At 31.12.2020 |
| Jason Andrew Hammond | 259 | 12,735 | (8,983) | 4,011 |
Rights over shares in QBE Insurance Group Limited granted to the Directors
| At 1.1.2020 | Granted | Extinguished | At 31.12.2020 | |
| Jason Andrew Hammond | 51,534 | 10,845 | - | 62,379 |
Directors' Remuneration
Details of Directors’ remuneration are set out in Note 18 to the financial statements.