ZURICH, Feb. 5, 2018 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that Michael W. Smith has been appointed Chief Claims Officer. In this role, Mr. Smith will lead the company's claims organization globally and be responsible for all aspects of executive claims management, service and administration for Chubb through its worldwide network of claims offices.
Mr. Smith has more than 30 years of experience in insurance and law. From 2000 to 2017, he served in executive leadership roles at American International Group, most recently as Chief Transformation Officer. Mr. Smith will report to Paul Krump, Executive Vice President of Chubb Group and President, North America Commercial and Personal Insurance. The appointment is effective immediately.
Frank Lattal, the company's Chief Claims Officer since 2003, will continue to serve as Senior Vice President, Chubb Group and will be responsible for managing the company's largest and most complex claims globally. In addition, he will provide strategic leadership and management oversight to the company's Brandywine run-off operations. Mr. Lattal will report to Mr. Smith.
"Chubb's claims capabilities are a core and defining strength of this company, and we are pleased to welcome Mike to our leadership team," said Evan G. Greenberg, Chairman and Chief Executive Officer. "Mike brings deep experience in both executive claims management and running significant insurance businesses. He's a strong, hands-on leader with proven success managing and executing change across large, global organizations. I also want to recognize the significant contributions Frank has made to Chubb's claims organization since he joined the company 20 years ago. His exceptional technical skills and claims adjudication expertise will be a strong asset in his new role handling the company's most complex and challenging claims."
"Mike has the breadth and depth of expertise in claims, operations and transformational management to help Chubb optimize a claims organization for the digital age," said Mr. Krump. "I'm also excited about Frank taking on this new role, which is a terrific use of his proven abilities. I have great confidence in both Mike and Frank, who together share Chubb's steadfast commitment to delivering exceptional claims service and settling claims fairly and promptly."
Over 17 years at AIG, Mr. Smith served as Chief Transformation Officer; Chief Operating Officer, Global Commercial Insurance; President, Global Financial Lines; President, U.S. Financial Lines; President, Financial Lines Claims; President, Miscellaneous Professional Liability; and Chief Underwriting Officer, Miscellaneous Professional Liability. Prior to AIG, he served in executive management roles at XL American Insurance and Zurich US Specialties. Earlier in his career, he served as an attorney at several companies and firms. Mr. Smith has a Bachelor of Arts degree in Accounting from the College of Business at the University of West Florida and a Juris Doctor degree from Fredric G. Levin College of Law at the University of Florida. He is a trustee of the University of Florida College of Law and a trustee of the Harlem Educational Assistance Fund (HEAF).
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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 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 31,000 people worldwide. Additional information can be found at: chubb.com.
SOURCE Chubb Limited