Natalie Chiaramonte has been named Division President of Sovereign Risk Insurance Limited, a Chubb company dealing in political risk insurance and reinsurance.
In her new role, Chiaramonte will have executive operating responsibility for the company, which provides political risk and sovereign credit insurance to commercial and investment banks, exporters, multinational corporations, export credit agencies, multilateral agencies and private equity investors.
Chiaramonte previously served as Senior Vice President and Chief Operating Officer of Sovereign. Prior to joining Sovereign, she was an assistant vice president with Bank of Bermuda (now part of HSBC).
She will report to John Lupica, Vice Chairman, Chubb Group and President of North America Insurance, and Judy Gonsalves, Division President, Chubb Bermuda. The appointment is effective immediately.
Evan Greenberg, Chairman and CEO of Chubb, said: “Natalie is an insightful and professional political risk underwriter with strong knowledge and following in the marketplace among brokers, clients and partners.”
”As Sovereign celebrates its 25th anniversary, I am confident that with Natalie’s leadership we will continue to strengthen our market position in this highly specialised field.”
Chiaramonte has more than 25 years of experience in insurance and banking. She joined Sovereign in 2001 as a research analyst and transitioned to underwriting. She was named Senior Vice President in 2015 and Chief Operating Officer in 2020.
