Property and casualty insurer Chubb has announced that Jeremiah Konz, currently Executive Vice President, Reinsurance Officer for Chubb Overseas General, has been appointed as the company’s new Chief Reinsurance Officer, effective immediately.
Konz takes over from Michael Kessler, who Chubb recently named Division President of its global cyber risk insurance operation.
In his new role, Konz reports to John Keogh, President and Chief Operating Officer (COO) of Chubb, and will also serve as Chairman of Chubb’s Reinsurance Security Committee and as a member of its Global Credit Committee.
As Chief Reinsurance Officer, Konz assumes management responsibility for the design and purchase of reinsurance programs for Chubb and its business units around the world, managing the firm’s reinsurance recoverable asset and overseeing relationships with its reinsurers and reinsurance brokers.
Konz brings more than two decades of insurance industry experience to the role, having joined Chubb in 2012 as Senior Vice President, Ceded Reinsurance for Chubb’s North America operations. In 2018, Chubb appointed Konz Reinsurance Officer for Overseas General. Before Chubb, Konz spent 13 years with reinsurance broker Aon Benfield as an executive.
Commenting on the appointment, Keogh said: “Reinsurance plays a critical role in how we manage risk, and we are pleased to welcome Jeremiah to this important leadership role for our company.
“Jeremiah brings strong analytical and technical skills, and a deep understanding of insurance and reinsurance markets globally. Over nearly a decade at Chubb, he has held important reinsurance roles in both our U.S. and international businesses. I am confident that Jeremiah will be a strong partner to our company’s insurance businesses while helping us to further develop, implement and manage our reinsurance strategy.”