Chubb makes executive changes

Chubb Ltd. said Thursday that Christopher A. Maleno, a Chubb Group senior vice president who most recently served as division president, North America major accounts, has been named division president, field operations.

Chubb named Matthew Merna to replace Mr. Maleno at the division, which is the insurer’s retail commercial property and casualty insurance business that serves the large corporate market in the United States and Canada. Both appointments are effective July 2.

Mr. Maleno, who is New York-based, will be responsible for Chubb’s field organization in North America, including 48 brand and regional offices in the United States and Canada, the insurer said in its statement.

His responsibilities will also include local delivery of the company’s capabilities and services to agent and broker distribution partners and managing these relationships.

Prior to ACE Ltd.’s acquisition of Chubb in January 2016, Mr. Maleno served as division president of ACE USA, a position he held since 2013.

Mr. Maleno succeeds Gerard Butler, who will retire July 2, although Mr. Butler will continue serving Chubb in an active advisory capacity and work closely with Mr. Maleno, the company said. Mr. Butler is Philadelphia-based.

New York-based Mr. Merna’s responsibilities include strategy, underwriting activities and results, product and product development and management. He most recently served as chief operating officer, North America major accounts.

Mr. Merna, who joined ACE in 2000, has held various leadership positions, including president of the financial solutions division and president of ACE Risk Management.

Both Mr. Maleno and Mr. Merna will report to Whitehorse, New Jersey-based John Lupica, vice chairman, Chubb Group, and president, North America major accounts and specialty insurance.