Chubb named Judy Gonsalves as its new division president of Bermuda.
Gonsalves, who was also given the title of vice president, will be responsible for the Bermuda-based commercial property/casualty insurance business that writes high-limit excess liability, property, directors and officers, and political risk coverage worldwide. In addition, she will lead all strategies around production, product development and management, and profit and loss performance for Chubb Bermuda.
Gonsalves will succeed Joseph Clabby, a 30-year industry veteran who will become chairman of Chubb Bermuda. In this new role, Clabby will serve in an advisory role to Gonsalves and the Chubb Bermuda team.
Currently, Gonsalves is executive vice president and chief underwriting officer of Chubb Bermuda, where she partners with Clabby in leading the operation and is responsible for enhancing the profitability of the excess liability, property and financial lines books of business of Chubb Bermuda and Chubb Bermuda International.
Gonsalves, a 25-year industry veteran, joined Chubb Bermuda (formerly ACE Bermuda) in 1992 as an assistant underwriter in the excess liability department. In 2004, she was appointed senior vice president, assuming product line management responsibility for ACE Bermuda and ACE Bermuda International’s catastrophe excess liability portfolio, and was promoted to executive vice president in April 2010 before assuming her current role.
Gonsalves will remain in Bermuda and will report to John Lupica, vice chairman, Chubb Group and president, North America Major Accounts and Specialty Insurance.
Clabby, in addition to his Chubb Bermuda responsibilities, will also join Chubb’s North America Field Management leadership team, with a focus on product expansion, distribution and cross-sell initiatives in Chubb regions and branches. He will be based in Whitehouse Station, N.J., and will report to Christopher Maleno, Chubb’s division president of its North American Field Operations.