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Chubb names small commercial insurance division team

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Chubb Ltd. has launched a small commercial insurance division for North America.

The division will provide management and professional liability and standard insurance coverage for small businesses with annual revenues up to $10 million, Chubb said Wednesday in a statement.

• New York-based Jim Williamson has been named president of the new division. Previously, Mr. Williamson was division president of Ace Private Risk Services, according to the statement.

• New York-based Michelle Middleton will serve as chief operating officer. Previously, Ms. Middleton was Eastern territory underwriting center branch manager and senior vice president at Chubb & Son.

• New York-based B.C. Verniero will lead platform development. Previously, Mr. Verniero was senior vice president at Chubb & Son.

• St. Paul, Minnesota-based Jon Farber will serve as technology and life sciences product leader. Previously, Mr. Faber was senior vice president of technology and life sciences at Ace Ltd., according to the statement.

“The depth of small commercial experience encompassed by our new leadership team combined with the capabilities that Chubb can bring to the small commercial market is a powerful proposition,” Mr. Williamson said in the statement.

Click here to see more Chubb/Ace executive appointments.