QBE Insurance ANZ CIO Tony Forward has accepted redundancy, the result of a restructure of the company\u2019s executive.\nThe global insurer will bring together its regional technology and transformation teams into one business unit, the Chief Operations Office (COO).\n \n\u201cThe new COO will better equip QBE to respond and adapt quickly to the changing needs and expectations of its customers, and will provide much clearer lines of accountability. The COO will have end to end responsibilities for the technology and business transformation,\u201d the company said in a statement today. \nThe office will soon appoint a new chief information officer for the unit, \u201cbringing together technology, data, transformation and business operations\u201d.\n \nThe restructure resulted in Forward\u2019s departure, the company said. Head of Technology Val Matthews has been appointed acting CIO \u2013 beginning on March 29 \u2013 while an internal and external recruitment process is conducted.\n \n\u201cGiven technology\u2019s intrinsic role in delivering on our business transformation, it also makes sense to have these functions aligned under the one business unit to drive greater focus and efficiencies,\u201d CEO Vivek Bhatia said.\n \nForward has been CIO at QBE since January 2013, joining from IAG where he was head of direct insurance technology. He was previously CIO of the wealth management arm of Westpac, BT Financial.\n \nBhatia praised Forward\u2019s contribution during his tenure.\n \n\u201cTony was instrumental in modernising our core policy and claims systems with the launch of Guidewire. He was also a sponsor and ally of the QBE Pride Committee, making QBE a more inclusive place to work. I wish him all the best in his future endeavours,\u201d he said.\n \nQBE also announced a new dedicated strategy team, responsiblefor \u201cfocusing energy on being a more innovative and a more customer-led organisation\u201d which will report into the Chief Financial Office led by Inder Singh.\n \nPart of the strategy team\u2019s role will be to drive the company\u2019s start-up collaboration efforts.\n \n\u201cWe\u2019ve already made great progress on the insurtech front, with the establishment of QBE Ventures globally, while locally, we\u2019re a founding partner of Insurtech Australia and recently joined Stone and Chalk\u2019s inaugural Insurtech Program, working with startups to solve specific customer needs,\u201d Bhatia said.\n\u201cThe general manager, strategy role will help drive that agenda in this market, as well as align with global counterparts to ensure we leverage our global footprint and expertise,\u201d he added.