Chubb, the world’s largest publicly traded property and casualty (P&C) insurer, has named David Furby as Senior Vice President (VP), Chubb Group and Regional President, European Group. Additionally, Andrew Kendrick has announced his retirement, having led the company’s European operations as Regional President for 14 years.
Furby currently serves as VP, Chubb Group and Division President, Commercial P&C, for Overseas General Insurance, the company’s international general insurance business. His new role, effective July 1, will see him take responsibility for the general management and business results for all Chubb operations in the U.K. and Ireland and the Continent of Europe.
Kendrick, who at year-end is set to depart following a distinguished four-decade career in the insurance industry, will continue to serve as Senior VP, Chubb Group, and as Executive Chairman of the European Group through 2018, focusing primarily on regulatory matters including the company’s Brexit plans and duties related to the Chubb European Group Board of Directors and its Joint Underwriting Control Committee.
Timothy O’Donnell has been named VP, Chubb Group and Division President, Commercial P&C for Overseas General Insurance, succeeding Furby. He currently serves as Executive VP, Financial Lines, and Chief Operating Officer of Commercial P&C for Overseas General Insurance.
O’Donnell will be responsible for the company’s international commercial P&C insurance business, including property, casualty, professional lines, energy and marine product lines.
Furby and O’Donnell will report to Juan C. Andrade, Executive VP, Chubb Group and President, Overseas General Insurance.
Commenting on the announcement, Evan G. Greenberg, Chairman and Chief Executive Officer (CEO), said, “As Chubb’s second-largest region, Europe is a core franchise and a significant contributor to the results of our organisation.
“Andrew has been part of our company for more than 20 years and a real partner to me and our senior management team. He has done much to lead and build our business and our reputation across the U.K. and Continental Europe.”
“His distinguished career has been defined by his leadership, skill and collegiality. We have been fortunate to have Andrew on our team for so many years. Andrew has earned his retirement, but we look forward to continuing to benefit from his experience, counsel and energy in the coming months.”
Greenberg continued, “Furby joined our company with Andrew as part of the same 1996 acquisition, and we are delighted that David will now lead our European region. David has broad, deep and exceptional industry experience. In his career, he has been a broker, an underwriter for a Lloyd’s syndicate, managed our reinsurance business, and led our insurance operations on the Continent and then our commercial P&C business across our international division.
“David has proven he’s ready for this important role, and I have every confidence in his abilities and skill as a leader to drive sustained growth and profitability across the UK and Continent.”
Andrade added, “I am pleased to welcome Tim to his new role. Tim is a natural successor to David and is an outstanding insurance executive. One of our company’s most accomplished financial lines practitioners, Tim has demonstrated his commercial P&C expertise and senior leadership both in the U.S. and internationally.”
John Keogh, Executive Vice Chairman, Chubb Group and Chief Operating Officer, commented, “Andrew has had a remarkable career and one of his important, and obvious, legacies is the strength of the team he has helped build in the region.
“Both David and Tim have exceptional experience and are ready to bring their talents, leadership and insurance management skills to their new positions. We have an excellent team in place to pursue growth opportunities in our P&C, personal lines and accident and health businesses in this significant region of the world.”
Chubb has also announced that Jalil Rehman, Chief Business Operations Officer, European Group, will be leaving the company effective July 1.
Commenting on the departure, Andrade said, “We thank Jalil for his 30 years of service with Chubb and especially for his contributions these past two years to our successful merger-related activities, bringing together the best of ACE and Chubb in the region. We wish him well with his new endeavours.”
