ZURICH, March 17, 2016 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today the leadership team for its insurance operations in Bermuda. The new leadership appointments take effect immediately.
On 14 January 2016, ACE completed its acquisition of Chubb. ACE Bermuda is expected to become Chubb Bermuda in the second quarter of 2016. As previously announced, Joseph S. Clabby will continue to serve as Division President, Bermuda and Global Accounts. In his Bermuda role, Mr. Clabby has executive operating responsibility for the Bermuda-based commercial P&C insurance business that writes high excess liability, property, political risk, and directors and officers coverages worldwide.
Reporting to Mr. Clabby are:
"Our Bermuda insurance operation, with 30 years of experience in the excess marketplace, is a significant contributor to Chubb North America's operating results," said John Lupica, Vice Chairman of Chubb and President, North America Major Accounts and Specialty Insurance. "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 organisation."
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide. Additional information can be found at: new.chubb.com.