Chubb is putting in place new leadership for its European operations after the retirement of a key executive.
David Furby will be senior vice president, Chubb Group and regional president, European Group. He’s replacing Andrew Kendrick, regional president of Chubb’s European operations since 2004. Kendrick plans to retire from Chubb at the end of 2018 after 40 years in the insurance industry, according to the insurer.
Chubb Chairman and CEO Evan Greenberg noted in the company’s announcement that Europe is “Chubb’s second-largest region…a core franchise and a significant contributor to the results of our organization.” He credited Furby with having “broad, deep and exceptional industry experience,” and noted that Kendrick “has done much to lead and build our business and our reputation across the UK and in Continental Europe.”
In Furby’s new role, he will oversee general management and business results for all Chubb operations in the UK, Ireland and Continental Europe. He takes on the new position as of July 1, pending regulatory approval. Currently, Furby is vice president, Chubb Group and division president, Commercial Property & Casualty, for Overseas General Insurance, the company’s international general insurance business.
Furby was a veteran ACE executive before it merged with Chubb in 2016 and has more than 35 years of insurance industry experience.
Timothy O’Donnell, the current executive vice president, Financial Lines, and chief operating officer of Commercial Property & Casualty for Overseas General Insurance, will take on Furby’s previous role, where he’ll be in charge of Chubb’s international commercial P/C insurance business, including property, casualty, professional lines, energy and marine product lines.
O’Donnell was also an ACE executive before it acquired Chubb and has more than 30 years of insurance industry experience.
Both Furby and O’Donnell will report to Juan C. Andrade, executive vice president, Chubb Group and president, Overseas General Insurance.
Gradual Transition
Kendrick, meanwhile, is stepping down over a period of months. He’ll continue to serve as senior vice president, Chubb Group, and as executive chairman of the European Group through the end of 2018, focusing primarily on regulatory matters, including the company’s Brexit plans and duties related to the Chubb European Group board of directors and its Joint Underwriting Control Committee..
In a related matter regarding European operations, Chubb disclosed that Jalil Rehman, chief business operations officer, European Group, will be leaving the company effective July 1. The company noted his 30 yeas of service with Chubb, along with his contributions toward a successful ACE/Chubb merger over the last two years.
Source: Chubb