Global insurer Chubb has appointed Joe Vasquez as Senior Vice President, Chubb Group and head of the company’s global accident and health insurance business, with Keith Higdon set to succeed him in his current role as President of ESIS, the company’s third party risk management and claims services affiliate.
Higdon, who has more than two decades of insurance industry experience, most recently he served as Senior VP, Partnership Services at ESIS, where he was responsible for the management and development of client partnerships across all ESIS lines of business.
“Keith’s background and expertise in developing claims and risk management solutions for self-insured entities that allow them to achieve excellent claim outcomes while reducing their total cost and risk makes him a natural fit for this role,” said Matthew Merna, Division President, Chubb North America Major Accounts.
Vasquez will now be be responsible for Chubb’s $4 billion personal accident and supplemental health insurance business around the world, including the operations of Combined Insurance. The appointment is effective immediately.
He will report to Evan Greenberg, Chairman and Chief Executive Officer, and John Keogh, Executive Vice Chairman & Chief Operating Officer.
“With this appointment, Joe, who has been leading the growth of ESIS for three years, will return to the A&H business that he knows so well,” said Keogh.
“He is a proven insurance executive with deep experience in all aspects of the business, including underwriting, claims, product development, distribution and marketing. Joe joined the company in 2000 and led our A&H division in North America for 15 years.”
“We’re pleased that Joe will be deploying his energy, skills and experience to pursue the tremendous growth potential our personal accident and supplemental health insurance business has around the world.”
Effective with this announcement, Russell Bundschuh, currently Senior VP, Chubb Group and President, Chubb Life, will assume total executive responsibility for the company’s international life insurance and life reinsurance businesses and report to Greenberg.
Additionally, Ed Clancy, Executive VP, Chubb Group, Global Accident & Health and Life, and a longtime company executive who has led the A&H business since 1999, will retire from the company in March 2019.
Clancy will work closely with Vasquez on the leadership transition of the business until that time.
“Ed and I have known and worked closely with each other for much of our over four decades in the insurance industry,” added Greenberg.
“One of the first members of our executive committee, Ed is a trusted colleague and friend who has made invaluable contributions to the growth and success of our company. We wish him and his wife Sally much happiness in his retirement.”
