WHITEHOUSE STATION, N.J., Oct. 17, 2018 /PRNewswire/ -- Chubb has appointed Judy Gonsalves Vice President of Chubb Group and Division President of Bermuda. In this capacity, she has executive operating responsibility for the Bermuda-based commercial property and casualty (P&C) insurance business that writes high-limit excess liability, property, directors and officers, and political risk coverage worldwide. In addition, she will lead all strategies around production, product development and management, and profit and loss performance for Chubb Bermuda.
Currently, Ms. Gonsalves serves as Executive Vice President and Chief Underwriting Officer of Chubb Bermuda, where she partners with Mr. Clabby in leading the operation and is responsible for enhancing the profitability of the Excess Liability, Property and Financial Lines books of business of Chubb Bermuda and Chubb Bermuda International.
Effective immediately, and subject to regulatory review, Ms. Gonsalves will succeed Joseph Clabby, who will be named Chairman of Chubb Bermuda. In this new role, Mr. Clabby will serve in an advisory role to Ms. Gonsalves and the Chubb Bermuda team.
In addition to Mr. Clabby's Chubb Bermuda responsibilities, he will also join Chubb's North America Field Management leadership team, with a focus on product expansion, distribution and cross sell initiatives in Chubb regions and branches. He will be based in Whitehouse Station, New Jersey, and will report to Christopher Maleno, Chubb's Division President of its North American Field Operations.
Ms. Gonsalves will remain in Bermuda and will report to John Lupica, Vice Chairman, Chubb Group and President, North America Major Accounts and Specialty Insurance.
"As our company's 42nd employee, Judy has made significant contributions throughout her tenure," said Mr. Lupica. "Her extensive experience, proven track record and understanding of the Bermuda marketplace will provide real value to our efforts in highlighting the unique benefits and advantages of doing business with Chubb Bermuda.
With more than 25 years of experience in the insurance industry, Ms. Gonsalves joined Chubb Bermuda (formerly ACE Bermuda) in 1992 as an Assistant Underwriter in the Excess Liability department. In 2004, she was appointed Senior Vice President, assuming product line management responsibility for ACE Bermuda and ACE Bermuda International's catastrophe excess liability portfolio, and was promoted to Executive Vice President in April 2010, before assuming her current role.
"We are excited about Joe's return to the U.S. and our Field Operations leadership team," said Mr. Maleno. "This new alignment underscores the agility of our company, our deep bench of leadership, and our commitment to providing the marketplace with superior quality services and offerings. Joe's extensive knowledge about our business, coupled with his commercial acumen and global insight into industry issues will enable us to further strengthen our distribution strategy across North America."
Mr. Clabby has more than three decades of industry experience, with 17 years being spent at Chubb. Most recently, he served as Chubb's Division President of Bermuda and its Global Accounts Division. Prior to ACE's acquisition of Chubb in January 2016, he served in a number of leadership positions, including President, ACE Continental Europe, President of Regional Operations for ACE USA and President of ACE USA West.
Chubb is the world's largest publicly traded property and casualty insurance company, and the largest commercial insurer in the United States. 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 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: chubb.com.