Chubb has appointed Michael Mollica as Division President for the company’s North America Financial Lines businesses, where he will report to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance.
Mollica’s appointment is effective immediately. He succeeds Steve Goldman, who Chubb has announced has left the company.
Currently, Mollica serves as Executive Vice President, Head of Private/Not-For-Profit business for the division.
Within this new role, Mollica will have executive oversight of Chubb’s management and professional liability lines of business, which includes public, private, not-for-profit, and financial institutions directors and officers coverages, transactional risk, as well as its errors and omissions and cyber products.
The role will also allow for Mollica to have responsibility for the division’s strategy, product and business development, underwriting operations and profit and loss performance.
Based in New York, Mollica has over two decades of industry experience. Since joining Chubb in 2008, he has held a variety of leadership positions in underwriting in the Financial Lines space.
In addition to leading the Private/Not-For-Profit Management Liability business, he also served as head of the Financial Institutions business line.
Addressing Mollica’s appointment, Lupica said: “Mike has been a proven leader in our Financial Lines division since he joined Chubb nearly 15 years ago. He is an experienced executive with strong technical underwriter skills and deep insight into the financial lines market and our customers’ and distribution partners’ needs. I am pleased to welcome Mike to this role, where he will manage an industry-leading team with deep bench strength. He is well positioned to further grow and develop Chubb’s Financial Lines business.”
“We thank Steve for his years of service and contributions to Chubb,” added Lupica.
Meanwhile, earlier this month, Chubb appointed Carene Madden as Financial Lines Manager for the United Kingdom, Ireland and South Africa (UKISA.)