Chubb Limited has appointed Margaret Peloso as Senior Vice President, Chubb Group, Global Climate Officer and Executive Director of the Chubb Charitable Foundation.
Peloso joins Chubb from Vinson & Elkins, where she served as the law firm’s Lead Sustainability Partner, where she held responsibility for integrating sustainability and environmental, social and governance (ESG) factors across its portfolio.
In the newly created role of Global Climate Officer, effective from January 16, 2023, Peloso will have responsibility for Chubb’s climate-related strategies. This includes business and public policy initiatives, as the company continues to innovate and lead in implementing realistic, science-based responses to climate change.
Moreover, as Executive Director of the Chubb Charitable Foundation, Peloso will play a major role in guiding the foundation in expanding its reach and delivering on its mission to support clearly defined projects that solve problems with measurable and sustainable outcomes.
In addition to serving as chair of numerous environment, energy and resources committees and councils of the American Bar Association, Peloso is also a board member of the Environmental Law Institute and past board member of the Surfrider Foundation.
Furthermore, she also previously served on the American Bar Association (ABA) Section of Environment, Energy and Resources Council and has chaired several ABA committees.
Addressing Peloso’s appointment, Evan G. Greenberg, Chairman and Chief Executive Officer, said: “I am delighted to welcome Maggie to Chubb. She has worked closely with us as outside counsel and demonstrated her leadership and expertise on a wide range of climate issues. As an insurer, our business is to provide protection to our insureds and offer them resilience against the threat of a changing climate through our products and services.
“We encourage and actively support societies’ efforts to transition to net-zero while supporting in a responsible way the need for energy security. Maggie’s experience and deep insight on climate issues will advance Chubb’s leading role in meeting the challenges of climate change to the benefit of our clients and society.”
Joseph Wayland, Executive Vice President and General Counsel, Chubb Group, added: “Chubb is engaged in research and advocacy on climate issues, both internally and externally, through industry institutions and international organizations.
“Maggie’s expertise and perspective will be critical as we further deepen our understanding of how underwriting policies can facilitate the reduction of GHG emissions, and as we continue to work actively to advance our industry’s expertise in climate change mitigation and adaptation.”