Andrew Kendrick, Chubb Ltd.’s regional president for European operations since 2004, will retire at year-end and be succeeded by David Furby, the company said in a statement Monday.

Mr. Furby, who was Chubb Group vice president and division president, commercial property/casualty for overseas general insurance, will become Chubb senior vice president and regional president, European Group, effective July 1, the statement said. He will have overall responsibility for the general management and business results for all Chubb operations in the U.K., Ireland and Europe.

Mr. Kendrick will continue to serve as senior vice president, Chubb Group, and as executive chairman of the European Group through 2018, the statement said, focusing primarily on regulatory matters.

Timothy O'Donnell, executive vice president, financial lines, and chief operating officer of commercial property/casualty for overseas general insurance, has been named vice president, Chubb Group, and division president, commercial property & casualty for overseas general insurance, to succeed Mr. Furby.

In his new role, he will be responsible for the company's international commercial property/casualty insurance business, including professional lines, energy and marine product lines.

Mr. Furby and Mr. O'Donnell will report to Juan C. Andrade, executive vice president, Chubb Group, and president, overseas general insurance, the statement said. 

"As Chubb's second-largest region, Europe is a core franchise and a significant contributor to the results of our organization," Evan G. Greenberg, chairman and CEO, said in the statement. “We have been fortunate to have Andrew on our team for so many years. We are delighted that David will now lead our European region.”

“Tim is a natural successor to David and is an outstanding insurance executive,” Mr. Andrade said in the statement.

Chubb also announced that Jalil Rehman, chief business operations officer, European Group, will be leaving the company effective July 1. 

"We thank Jalil for his 30 years of service with Chubb and especially for his contributions these past two years to our successful merger-related activities,” Mr. Andrade said in the statement.