Reinsurance News

Chubb announces new leadership appointments

27th July 2020 - Author: Katie Baker

Global insurer Chubb has announced leadership appointments in its North America Westchester and Financial Lines businesses.

ChubbThe property and casualty insurer has announced that Scott Meyer will succeed Bruce Kessler as Senior Vice President, Chubb Group and Division President of Westchester.

Through its brokerage, binding and programs segments, Meyer will have executive operating responsibility for the commercial property and casualty insurance business that serves the wholesale and excess and surplus lines market in the U.S. and Canada.

Kessler will assume the role of Chairman of Westchester, until his retirement at the end of the year. Although he will remain active in the business and focus on key industry issues, strategic planning, and as a senior advisor to Meyer during the transition.

Additionally, the company has announced Steve Goldman to be the successor of Meyer as Vice President of Chubb Group and Division President, North America Financial Lines.

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Goldman will now have executive oversight of Chubb’s management and professional liability lines of business. This spans from public, private, not-for-profit, and financial institution directors and officer’s coverages, transactional risk, as well as its errors and omissions and cyber products.

Both Meyer’s and Goldman’s responsibilities will include oversight of strategy, product and business development, underwriting operations, and profit and loss performance for their respective divisions.

They will report to John Lupica, Vice Chairman, Chubb Group, President, North America Major Accounts and Specialty Insurance.

Lupica commented: “Scott and Steve both bring extensive leadership, underwriting and P&L management experience to their new roles. They are proven leaders in our company and will make an immediate impact in their respective businesses. Scott has done an excellent job building our financial lines business into the market leader it is today, which positions Steve well to further build upon those successes.

“Bruce Kessler helped shape Westchester into one of the leading wholesale and excess and surplus markets in the U.S. I am confident he will continue to serve Westchester well in his new role, and I am looking forward to continuing to work closely with him, Scott and Steve as they make the transition into their new roles. I wish Bruce well in his retirement and thank him for 20 terrific years of service to Chubb.”

Meyer has almost three decades of underwriting and risk management experience in professional lines. He joined Chubb in 2008 as Executive Vice President, Professional Risk, ACE USA, and was promoted to Division President of Professional Risk, ACE USA in 2012. Subsequently, he was named Division President of North America Financial Lines after ACE’s acquisition of Chubb in 2016.

Goldman brings almost 20 years of underwriting and risk management experience to the role and is a lawyer with a graduate degree in taxation. Previously, he served as Executive Vice President, Financial Lines, Chubb Overseas General, where he oversaw the firm’s international financial lines division including directors and officers liability, financial institutions, errors and omissions, transactional risk and cyber risk businesses.

He joined the company in 2008, as a Senior Vice President, on the ACE Professional Risk team at ACE USA, leading the U.S. Financial Institutions business.

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