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Chubb names Bermuda insurance executives

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Chubb Ltd. has announced the leadership team for its insurance operations in Bermuda.

The new leadership appointments, which were announced Thursday, take effect immediately, Chubb said in a statement.

Chubb noted that Ace Ltd. completed its acquisition of Chubb Corp., creating the new Chubb Ltd. earlier this year. It said that Ace Bermuda is expected to become Chubb Bermuda in the second quarter of 2016.

Chubb Ltd. had previously announced that Joseph S. Clabby will remain division president for Bermuda and global accounts.

In addition, Price Lowenstein continues as division president for Sovereign Risk Insurance Ltd., a wholly owned subsidiary that underwrites political risk insurance. Judy Gonsalves continues as executive vice president and chief underwriting officer with leadership responsibility for liability, property and financial lines. The product line leadership reporting to Ms. Gonsalves are: April Andruczyk as senior vice president, head of excess liability; Philippe Bacon as senior vice president, head of financial lines; and Robert Rebellato as senior vice president, head of excess property.

Other management announcements include Allison Towlson, continuing as senior vice president with responsibility for distribution and operations for all lines of business; and George Ohsiek, continuing as senior vice president and chief financial officer for the Bermuda operations.

Richard Porter has been appointed senior vice president and general counsel. He assumes the general counsel role from Joshua Schwartz, who is leaving Bermuda to join Chubb's legal operations in the United States.

Other executives continuing their roles are Jeff Trimarchi as senior vice president for claims and claims counsel; Larry Lombardo as senior vice president with responsibility for risk management functions of the company; and Nick Rowse as senior vice president and chief information officer for the Bermuda operations.

“Our Bermuda insurance operation, with 30 years of experience in the excess marketplace, is a significant contributor to Chubb North America's operating results,” John Lupica, vice chairman of Chubb and president of North America major accounts and specialty insurance, said in the announcement. “Our leadership team has deep knowledge of the market, solid broker relationships and a solutions-focused approach to our clients' priorities. We expect that this strong leadership team in Bermuda will continue to drive superior results for the new Chubb organization.”

For more details on Chubb appointments since the Ace/Chubb merger was announced click here.