ACE reveals Chubb overseas division leadership team
Insurer ACE, which has operations in Bermuda, has revealed the leadership team it intends to appoint for the European Group of the new Chubb Group’s overseas general insurance division.
This division encompasses Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Gibraltar, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the UK. The leadership appointments will be effective completion of the acquisition of Chubb, which is expected in the first quarter of 2016.Andrew Kendrick will has been appointed as as senior vice president (SVP) of the new Chubb Group and regional president, European Group.Kendrick will report to Juan Andrade, EVP, ACE Group, personal lines and COO of ACE overseas general, and who as previously announced will serve as EVP of the Chubb Group and president of the overseas general insurance division. Jalil Rehman will serve executive vice president (EVP) and chief business operations officer, European Group. Currently, Rehman is SVP and European zone officer for Chubb. Matthew Shaw will take on the role of EVP, European Group, and division president, Chubb global markets, the company’s international excess and surplus (E&S) lines wholesale business including both its Lloyd’s and London company market operations. Currently, Shaw is division president, ACE global markets. David Robinson will serve as EVP, European Group, and President, UK. and Ireland. Currently, Robinson is regional president, UK and Ireland for ACE. Reporting to Robinson and serving as chief operating officer (COO) for the UK and Ireland property and casualty (P&C) business will be Phil Sharpe. Currently, Sharpe is COO for ACE’s UK and Ireland P&C business. Also reporting to Robinson and serving as head of distribution, UK and Ireland, will be Jeremy Miles, who is currently UK and Ireland manager at Chubb. ACE is expecting to make additional appointments to the future European Group leadership team at a later date.“Europe is our company’s second-largest region and the addition of Chubb’s business and talent gives us an opportunity to add even greater depth and strength,” said Andrade. “Andrew is recognised across the UK and Europe as a visionary and energetic industry leader. We also know him as a trusted colleague and a superior leader of businesses and people with a long and proven track record. “Under Andrew’s leadership, with the support of his strong team comprised of the best of ACE and Chubb, I am confident Europe will continue to be an important franchise business for the new Chubb Group.” Kendrick added: “I am very excited to announce our first round of leadership appointments for the new Chubb Group’s Europe region/Those who know us as an underwriting company will not be surprised to see Matthew and David, who grew up as underwriters, continue in their respective roles. “I am particularly delighted to welcome Jalil, who brings significant experience to us from Chubb, and Jeremy, a seasoned insurance professional with exceptionally strong market relationships. I look forward to sharing more information about our leadership team in Europe as we continue to bring together the best talent from both companies to serve our brokers, partners and clients.”