ZURICH, July 12, 2017 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that it has named Ross Bertossi Vice President of Global Underwriting for Chubb Group. In this capacity, he will have responsibility for advancing underwriting excellence across the company, including general underwriting policy and underwriting management best practices. He will also have oversight of Chubb's global product boards and portfolio management process. Mr. Bertossi will report to John Keogh, Executive Vice Chairman and Chief Operating Officer.
Mr. Bertossi has more than 30 years of insurance and underwriting management experience. Since ACE's acquisition of Chubb in 2016, he has served as Executive Vice President, Excess Casualty, North America Insurance, with responsibility for Chubb's umbrella and excess casualty product lines serving large commercial customers in the United States and Canada.
"The craft of underwriting is a hallmark of the Chubb brand," said Mr. Keogh. "Throughout his tenure with ACE and Chubb, Ross has demonstrated underwriting excellence in his business and contributed to our underwriting portfolio management efforts. His continued contributions to Chubb will be important to our future underwriting performance."
Mr. Bertossi succeeds Jacques Bonneau who, after a distinguished career over nearly four decades in insurance and reinsurance, announced his retirement, effective at year-end. In the interim, he will work closely with Mr. Bertossi to ensure a smooth transition of responsibilities. Mr. Bonneau joined ACE in 1999 as Division President, ACE Tempest Re USA, the company's U.S.-based reinsurance business. He was named President of ACE Tempest Re Group in 2005. He assumed his current responsibilities as Executive Vice President, Global Underwriting in 2014. Prior to joining ACE, he was Chief Underwriting Officer and Member of the Board of Directors at Chartwell Re Corporation. He began his career in 1978 at General Reinsurance.
"For over 15 years Jacques led the company's reinsurance business with underwriting discipline and distinction and, more recently, under his leadership, Chubb developed increasingly sophisticated underwriting processes, methods and insights to improve our core risk-taking business," said Evan G. Greenberg, Chairman and Chief Executive Officer. "Jacques has been a trusted partner and a respected leader in our industry. On behalf of the entire management team, I would like to thank him for his many years of service and countless contributions. We wish him the very best during his retirement."
Mr. Bertossi joined ACE in 2002 as Executive Vice President, ACE Medical Risk and later assumed the role of Executive Vice President, ACE Casualty Risk. Before joining ACE, he was a Senior Vice President at CNA HealthPro. He earned his Bachelor of Science degree in Business Administration from Mary Washington University, in Fredericksburg, Va., and holds the Chartered Property Casualty Underwriting (CPCU) designation.
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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength 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 31,000 people worldwide. Additional information can be found at www.chubb.com.
SOURCE Chubb Limited