Chubb is bringing on a new lobbyist. Aspen Insurance Holdings Ltd. appointed a Group chief operating officer. Neon, a specialist Lloyd’s insurer, hired a veteran industry executive to fill a newly-created position. Bold Penguin named a chief revenue officer.
Chubb is bringing on a new lobbyist who has prior experience doing the same thing for reinsurers.
Tracey Laws has been named Chubb’s senior vice president, general counsel, Global Government and Industry Affairs, and takes on her new job as of Jan. 2, 2018. Previously, she was senior vice president and general counsel at the Reinsurance Association of America.
In her new role – a newly-created position – Laws will provide legal, regulatory and policy guidance and advice to Chubb’s state, federal and international government affairs team. Also, she’ll coordinate and ensure consistency in lobbying strategies throughout Chubb’s government affairs activities, and will represent Chubb in a number of regulatory and industry settings.
Laws will be based in Washington, D.C. and report to Jodi Hanson Bond, executive vice president of Global Government and Industry Affairs.
Aspen Insurance Holdings Ltd. appointed David Schick as Group chief operating officer. He replaces Richard Thornton, who is leaving the business after nearly four years at Aspen.
Previously, Schick was at Maybank, where he was executive vice president, Group Strategy and Transformation, and also director of Strategic Operational Excellence. Before that, he was at Raiffeisen Bank International where he led transformational efforts from both a line and functional perspective. Schick also has experience from companies including Citigroup and Mercer Consulting.
In his new position, Schick will lead Aspen’s operational strategy, including the implementation of its recently-launched effectiveness and efficiency program.
Neon, a specialist Lloyd’s insurer, hired a veteran industry executive to fill a newly-created position.
Tim Overton will take on the role of head of Pricing. He’ll report to Darren Lednor, chief underwriter, with a focus of making sure Neon’s revamped underwriting process remains disciplined and focused. While there, he’ll work with Neon’s underwriting teams to develop technical pricing models, a robust governance framework and new analytical capabilities.
Previously, Overton has held senior pricing positions at Liberty Mutual Insurance Europe. Most recently, he was at Novae, where he oversaw the growth and transformation of its pricing approach to one where analytics are a key part of underwriting.
Bold Penguin hired online insurance company veteran Lou Geremia to be its chief revenue officer.
The Ohio-based InsurTech portal for commercial lines property/casualty agents said that Geremia will be based in Boston with a focus on expanding the number of insurance company partners participating in the Bold Penguin online marketplace. He’ll also work on enhancing the company’s recommendation engine by identifying and recruiting key partners.
As well, Geremia will help build a strong East Coast presence for Bold Penguin, and work with the company’s technology team to help manage the process of bringing new partners onto the platform.
Geremia has previous executive experience with online insurance organizations including Insurance.com, Bankrate Insurance and Goji, an online insurance comparison portal.
Sources: Chubb, Aspen Insurance Holdings Ltd., Neon and Bold Penguin.