Property and Casualty (P&C) insurer Chubb has announced the appointment of Steven F. Goldman as Executive Vice President (VP), Financial Lines for Overseas General Insurance, effective July 1.
In his new New York-based role, Goldman will oversee Chubb’s international financial lines division including directors and officers liability, financial institutions, errors and omissions, transactional risk and cyber risk businesses.
He will report to Timothy O’Donnell, who was recently named VP, Chubb Group and Division President, Commercial P&C, Overseas General Insurance.
Goldman brings with him two decades’ underwriting and risk management experience and is currently Executive VP of Chubb’s Financial Lines division in the U.S. where he leads the Retail Financial Institutions segment. He also leads Chubb’s Transactional Risk business, a division he helped create and has led since its inception.
Commenting on Goldman’s appointment, O’Donnell, said, “Steve is a highly experienced financial lines executive. He has excellent technical underwriting and leadership skills and I am very much looking forward to working with him as we grow Chubb’s international financial lines presence and capability.”
Juan Andrade, Executive VP, Chubb Group and President, Overseas General Insurance, added, “Chubb has earned a reputation as a leader in financial lines underwriting globally with a deep pool of talented executives across the world. I am pleased to welcome Steve to Chubb’s Overseas General team and look forward to the impact he will have on our business.”
Michael Mollica, who has been named Executive Vice President of Financial Lines, North America, will succeed Goldman. Mollica has more than 20 years of industry experience and now will be based in New York, reporting to Scott Meyer, Division President, Financial Lines, North America.
Meyer commented, “Michael’s strong background and understanding in this space, coupled with his extensive leadership experience, makes him an ideal fit for this role. I look forward to working with him, and I am confident his deep understanding of our clients’ needs will help ensure the future growth of this practice.”