Global insurer Chubb has announced the appointment of Mark Hammond as Treasurer, effective March 1.
He replaces Ken Koreyva, a Chubb Group Senior Vice President who will step down from his current position and assume a new senior advisory role.
Hammond currently serves as Executive Vice President and Chief Financial Officer for the company’s Europe and Eurasia & Africa regions.
In his new role, he will be responsible for Chubb’s corporate and credit banking functions worldwide, financial and capital modelling, rating agency relationships, tax planning and compliance, credit management, reinsurance security analysis, corporate insurance and treasury operations globally.
Hammond will report to Philip Bancroft, Executive Vice President, Chubb Group and CFO, Chubb Limited.
“Mark is a seasoned finance executive with substantial experience in insurance and financial accounting,” said Bancroft.
“In his 10 years with the company, he has demonstrated technical proficiency, leadership and general management skills in both U.S. and international finance organizations. We’re pleased to elevate Mark into this important global role for the company.”
“I want to acknowledge and thank Ken for his 17 years of service, leading our treasury function through a period of significant change and growth,” Bancroft continued.
“We’re fortunate that Ken will be applying his extensive financial experience, insights, skills and knowledge of both Chubb and the insurance industry in a new role as we continue our efforts to become the very best, modern and efficient global finance organization.”