Chubb approves $1bn share repurchase
Chubb, which was acquired by ACE in 2016 and has a significant Bermuda presence, has made strategic promotions in its Eurasia and Africa leadership team to target growth in the emerging region with immediate effect.
Nikolay Dmitriev, currently the regional managing director of Russia, the Commonwealth of Independent States (CIS) and Turkey, has been assigned the additional new role of regional director of property/casualty (P&C) Eurasia & Africa.
In his new role, Dmitriev will lead the development of Chubb’s P&C business across its Eurasia & Africa region, working closely with country presidents and product line managers on the ground.
He will retain his current duties as country president for Russia and the CIS, reporting to Giles Ward, the regional president for Chubb Eurasia & Africa, and will continue to be based in Moscow.
Emre Buğday, Chubb's country president in Turkey, who was reporting to Dmitriev, will now directly report to president Ward.
“Property and casualty risk is the bedrock of our business in Eurasia and Africa," said Ward. "Nikolay, who has successfully managed and grown our Russian business over the past nine years, has the leadership qualities, underwriting expertise and market knowledge necessary to lead the development of our P&C portfolio across the wider region. I look forward to working with him to further develop and deliver strong propositions for our broker partners, cedants and clients."
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Chubb, Nikolay Dmitriev, Appointment, Giles Ward, Eurasia, Africa