Chubb appoints new reinsurance executive for overseas business
Chubb has announced that Jeremiah Konz has been named executive vice president, reinsurance officer for Chubb Overseas General, the company's international general insurance business in over 50 countries and territories.
Konz is currently senior vice president, ceded reinsurance for Chubb's North American operations. In his new role, which he starts on January 1, he will have overall responsibility for Chubb's ceded reinsurance programs for all markets outside North America. Konz 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 will succeed Neil Bennett, who will retire at the end of 2018. Over his 40 years in the insurance industry, including 20 years at Chubb, Bennett 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.”
“Jeremiah 's experience and understanding of insurance and reinsurance markets will add real value to our business,” said O'Donnell. “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.”
Konz has nearly 20 years of insurance industry experience. Before joining Chubb in 2012, he worked as an executive for reinsurance brokerage firm Aon Benfield providing analytic expertise to large commercial property reinsurance placements. In that role he worked in several geographies including Dallas, New York, Washington DC and Minneapolis over a 13-year period.
