WHITEHOUSE STATION, N.J., March 3, 2020 /PRNewswire/ -- Chubb announced that Stephen Buonpane has been named Construction Industry Practice Leader for its large account segment. In this capacity, he will oversee strategic direction, while leading a broad team of dedicated construction underwriting and service specialists, across multiple lines of business, to deliver customized and innovative insurance solutions to Chubb's distribution partners and construction customers.
He succeeds Bill Hazelton who was recently named Head of Chubb North America Claims.
"With the appointment of Bill Hazelton as Chubb's Head of North America Claims, Stephen's experience in supporting this business over the last decade makes him an ideal fit for this role," said Matt Merna, Senior Vice President, Chubb Group Division President, Chubb North America Major Accounts. "The needs of our clients in this area are very complex, and Stephen's understanding of the issues affecting our clients, combined with his underwriting background, will help ensure we continue to provide them with the most robust solutions to meet their specific needs."
Prior to this expanded role, Mr. Buonpane served as Executive Vice President, Major Accounts Construction. He will remain based in New York and report to Mr. Merna. He received his Master of Business Administration from New York University's Stern School of Business, with specializations in economics and global business management. He earned a Bachelor of Science degree in Finance from the University of Delaware.
Craig Richardson, Chubb's Executive Vice President of Major Accounts Environmental, and Joseph Fobert, the company's Executive Vice President of Major Accounts Excess Casualty will continue to oversee those lines of business, reporting to Mr. Merna.
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 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, Paris and other locations, and employs more than 30,000 people worldwide. Additional information can be found at: www.chubb.com.