Controversial ex-QBC boss lists $7m pad

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No. 3/6 Wentworth Street, Point Piper, has a price guide of $6.5m-$7m for an October 10 auction.


Former QBE chief Pat Regan — who parted ways with the insurer two weeks ago after a complaint by a female employee — has listed his Point Piper harbourside apartment for sale.

The company’s board said the CEO, who had been in the job three years, “had exercised poor judgment” but gave no further details.

It’s understood an external investigation by a law firm did not find the incident was a case of sexual harassment, though it was inappropriate.

With his fast exit, Regan received a payment of $310,000, in lieu of a reduced notice period, plus his statutory leave entitlements. But he also forfeited share rights worth more than $10 million.

His grand three-bedroom, three-bathroom apartment with two-car garage is in the exclusive Kilmory Estate at 3/6 Wentworth Street and has a $6.5m-$7m price guide via Sotheby’s International managing director Michael Pallier.

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QBE Boss Pat Regan

Former QBE boss Pat Regan at the insurer’s Sydney headquarters in 2018. Picture: Britta Campion


Beautiful harbour views.


Expansive indoor and outdoor entertainment areas.


It’s set to go to auction on October 10.

Pallier refused to comment about the owner of the apartment when contacted by the Wentworth Courier, but property records show Regan and his wife, Georgina Koch, purchased the apartment for $5.7m in 2014.

The realestate.com.au ad describes the apartment as “an extravagant private haven in Point Piper, set on the highest point of Australia’s most prestigious peninsular”.

It’s one of just seven bespoke apartments within the circa 1913 former mansion.

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Along with being pet friendly, the apartment is said to offer “both opulence and grandeur with a contemporary edge”.

Relax and enjoy the view.


Lavish bathrooms.


There are never-to-be-built out views across Sydney Harbour, Double Bay and the city skyline from the top floor of the house-size apartment.

With 400sqm of internal living space, its designed to offer both indoor and outdoor entertaining on a grand scale.

Formal and informal living and dining areas open out to sunny and private travertine terraces and a loggia-style entertaining room with harbour views.

The modern open-plan kitchen features a butler’s pantry and Miele appliances.

Upstairs, accommodation comprises of three large bedrooms, all the with built-ins, capturing panoramic harbour views.

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