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NEW YORK - QBE North America announced Friday that Jordan Atkinson has been appointed president of NAU Country Insurance Company, effective August 18. Atkinson will succeed Jim Korin, who is retiring after 25 years with the company. The transition comes as QBE demonstrates strong financial health, with InvestingPro analysis showing a "GREAT" overall financial health score of 3.4 out of 5.
NAU Country is QBE North America’s $4 billion crop insurance business that specializes in multiple-peril crop insurance. In his new role, Atkinson will report directly to Julie Wood, Chief Executive Officer of QBE North America, and join the Executive Management Board. The appointment comes as QBE maintains robust financial metrics, with a return on equity of 17% and a healthy current ratio of 12.64.
Atkinson brings more than 20 years of insurance industry experience to the position. He most recently served as Executive Vice President and Chief Marketing Officer of NAU Country, and has held various roles of increasing responsibility across the organization’s marketing, branch management and claims teams during his 15-year tenure with the company.
"Throughout his 15-year tenure, Jordan has built and fostered strong industry and agent relationships, amassed deep business and institutional knowledge, and established himself as a trusted and respected leader within our organization," Wood said in a press release statement.
Korin, who has served as NAU Country’s president, announced his intention to retire earlier this year.
Headquartered in Ramsey, Minnesota, NAU Country Insurance Company operates in 48 states with branch offices in nine locations and employs over 1,200 staff across the country. The company is a division of QBE Insurance Group Ltd.
QBE North America reported Gross Written Premiums of $7.3 billion in 2024, contributing to the company’s total revenue of $22.71 billion. The company’s stock has shown strong momentum, delivering a year-to-date return of 13.78%. According to InvestingPro, the stock appears slightly overvalued at its current price of $14.78. Discover more insights and detailed financial analysis with an InvestingPro subscription, including exclusive ProTips and comprehensive valuation metrics.
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