Reinsurance News

Chubb creates new energy team for Global Markets

10th February 2021 - Author: Katie Baker

Global re/insurer Chubb has created a new energy team in Chubb Global Markets (CGM), which will underwrite large corporate energy customers in EMEA, Asia Pacific and Latin America.

ChubbCGM comprises Chubb’s London market wholesale and specialty business including the company’s Lloyd’s platform.

Middle market energy customers’ risks will continue to be underwritten and serviced locally.

The London based team will be led by Andrew Brown, Head of Energy CGM.

Brown brings over 15 years of experience to the role, most recently as Chief Underwriting Officer, Global Energy Chubb Overseas General (COG).

He joined Chubb 14 years ago and has held positions across upstream and downstream energy within CGM and has been based in both London and MENA.

Melanie Markwick-Day has been appointed Head of Upstream Energy, and will be responsible for managing and developing the upstream portfolio, moving from her most recent role as Upstream Energy Senior Underwriter COG.

Her appointment has been followed by Adam Groves, who is the new Head of Downstream Energy. Groves will oversee the management and development of the downstream energy portfolio. He was previously Regional Head of Energy for Chubb in MENA.

Riaz Thanduparakkal has been appointed Head of Multinational and Network. Formerly, Energy Product Head for CGM, she will be responsible for managing the multinational portfolio and network.

Matthew Bilbey has been appointed Chief Underwriting Officer, joining from his most recent role as Regional Head of Energy for Chubb in Asia Pacific.

Jason Keen, President Chubb Global Markets, Executive Vice President Europe said: “I’m delighted that under the leadership of Andrew, Melanie, Adam, Riaz and Matthew we have a very experienced team in place.

“By concentrating our resources we are creating an entrepreneurial underwriting environment that will bring new and innovative solutions to our clients not only within the London market, but further afield across EMEA, Latin America and Asia Pacific.”

Matthew Hardy, Global Head of Energy, Executive Vice President Chubb Overseas General said: “These structural changes will enhance the value proposition across our Global Energy operation and help us to deliver more focused solutions for our clients and distribution partners.

“Crafting two distinct operating models, with dedicated underwriting, engineering and claims teams, will enable us to create an effective offering for brokers and clients so we can respond to their needs even more quickly and capitalise on our global insights across both segments.

“Our regional offices will provide local expertise along with focused underwriting for our clients. These changes also further demonstrate the breadth of technical understanding we have within Chubb Global Energy.”

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