Chubb creates deputy CFO position to to support incoming exec

Chubb Group has promoted Mark Hammond, its treasurer, to give him additional responsibilities as deputy chief financial officer (CFO), a new position at the group.

Hammond will take up his post on July 1, with Peter Enns, Chubb’s executive vice president of finance, succeeding Philip Bancroft as chief financial officer. Hammond will assist Enns on operational and strategic matters, while Bancroft is retiring.

Hammond has more than 30 years of experience in insurance and public accounting and has served as Chubb’s treasurer since 2019, before which he was executive vice president and CFO for the Europe and Eurasia and Africa regions. From 2012 to 2016, when the company was named ACE, he was CFO for the European Group. He joined Chubb’s Combined Insurance business in Chicago in 2009, serving as executive vice president and CFO.

Prior to joining ACE Hammond held a series of leadership roles in the insurance industry, before which he spent more than 15 years in the public accounting sector as an audit partner with Deloitte serving insurance clients.

Enns said: "Mark has been with the company for a dozen years, and is recognized for his technical proficiency, leadership and general management skills in both U.S. and international finance organizations.”