WELLINGTON, March 3, 2025 – Paula ter Brake has been appointed Chief Executive Officer of Chubb Life New Zealand, effective 5 May, subject to regulatory approvals. The appointment follows Gail Costa’s retirement, after a long and distinguished career in the insurance industry and with the company.
With 30 years of experience in the retail banking and insurance industries, Paula joins us with a strong background in leadership and transformation, and a proven track record in the digital and consumer field.
Paul Brock, Board Chair at Chubb Life, said, “Paula’s proven track record in driving growth along with transforming large businesses will bring real value to our customers, partners and our people. She is recognised for her dynamic leadership style and success in driving strategic initiatives and will play a key role as we continue the growth and success of our business.”
As Chief Executive, Paula will focus on ensuring New Zealanders continue to have access to quality advice and the financial protection that’s right for their needs by delivering best-in-class products and services for customers, working with Independent Financial Advisers, our distribution partners and leveraging innovative direct marketing strategies.
Before joining Chubb Life, Paula served as Executive General Manager, Consumer Brands for IAG New Zealand. Her remit at IAG included leading an extensive portfolio including its retail brands and bank partnerships across New Zealand. Prior to IAG, she held leadership roles at Tower Insurance, First Citizen Asset Management and GE Money.
Sang Lee, President, Southeast Asia & New Zealand, Chubb Life said, “We are excited about this new chapter for Chubb Life New Zealand and look forward to continuing to provide best-in-class products and services to our customers under Paula’s leadership.”
About Chubb
Chubb is a world leader in insurance. 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. The company is 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 employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com