Global property and casualty insurer Chubb has appointed Jeremiah Konz as Executive Vice President, Reinsurance Officer for Chubb Overseas General, the company’s international general insurance business in over 50 countries and territories.
Konz currently serves as Senior Vice President, Ceded Reinsurance for Chubb’s North American operation, having joined Chubb in 2012, before which he worked as an executive for reinsurance broker Aon Benfield.
At Aon, Konz provided analytic expertise to large commercial property reinsurance placements and worked across several geographies, including Dallas, New York, Washington D.C. and Minneapolis, over a 13-year tenure.
In his new role, which is effective from January 1, 2019, Konz will have overall responsibility for Chubb’s ceded reinsurance programs for all markets outside North America.
He will report to Timothy O’Donnell, Vice President, Chubb Group and Division President, Commercial Property and Casualty, Overseas General Insurance, and to Michael Kessler, Vice President, Chubb Group and Chief Reinsurance Officer.
Konz succeeds Neil Bennett, who is set to retire at the end of 2018 after more than 40 years in the re/insurance industry, including 20 years at Chubb, during which he has worked in a variety of underwriting and claims roles, primarily in London and Bermuda.
“Reinsurance is a critical part of how we manage risk, and Jeremiah brings deep expertise, as well as strong analytical and technical skills. I am pleased to welcome him to his new role,” said Juan Andrade, Executive Vice President, Chubb Group and President, Overseas General Insurance.
“I also want to thank Neil for his two decades of contributions to Chubb. We will wish him the best when he retires at year end,” Andrade added.
O’Donnell also stated: “Jeremiah ‘s experience and understanding of insurance and reinsurance markets will add real value to our business. I am confident that his leadership will help us to further develop and implement our reinsurance strategy. We also look forward to continuing to work with Neil in the coming months as he approaches his well-earned retirement.”
