Chubb made a few new executive promotions affecting its North America and overseas operations.
Tim Stapleton has been named Executive Vice President, Financial Lines, Overseas General Insurance – the company’s international general insurance business in 51 countries. In his new role, Stapleton will oversee Chubb’s management and professional liability lines of business, which span public, private, not-for-profit and financial institution directors and officers coverages, as well as its errors and omissions and cyber products. His responsibilities will include oversight of the division’s strategy, product and business development, underwriting operations, and profit and loss performance.
Stapleton is currently Senior Vice President, Cyber Insurance and Information Technology, Overseas General Insurance. In his new role, he succeeds Steven Goldman who, has been named Vice President, Chubb Group and Division President, North America Financial Lines. Stapleton will report to Timothy O’Donnell, Vice President, Chubb Group and Division President, Commercial Property and Casualty, Overseas General Insurance.
Stapleton has more than 15 years of underwriting and management experience in financial lines. He joined Chubb in 2015 from Zurich Insurance Group, where he served as Global Underwriting Manager for Professional and Management Liability, Before that, Stapleton served as Zurich’s Deputy Global Head of Professional Liability. He began his career at American International Group as an underwriter for professional liability.
Scott Meyer will succeed Bruce Kessler as senior vice president, Chubb Group and Division President of Westchester, the company’s wholesale and excess and surplus lines insurance business.
As Division President of Westchester, Meyer will have executive operating responsibility for the commercial property and casualty insurance business that serves the wholesale and excess and surplus (E&S) lines market, in the U.S. and Canada, through its brokerage, binding, and programs segments.
Kessler, who will be retiring at the end of the year, will assume the role of Chairman of Westchester, where he will remain active in the business and focus on key industry issues, strategic planning, and as a senior advisor to Meyer during the transition.
Goldman, in his new role as Vice President, Chubb Group and Division President, North America Financial Lines, will oversee Chubb’s management and professional liability lines of business, which spans public, private, not-for-profit, and financial institution directors and officers coverages, transactional risk, as well as its errors and omissions and cyber products.
Both Meyer’s and Goldman’s responsibilities will include oversight of strategy, product and business development, underwriting operations, and profit and loss performance for their respective divisions. They will report to John Lupica, Vice Chairman, Chubb Group, President, North America Major Accounts and Specialty Insurance.
Meyer has close to 30 years of underwriting and risk management experience in professional lines. He joined Chubb in 2008 as Executive Vice President, Professional Risk, ACE USA, and was promoted to Division President of Professional Risk, ACE USA in 2012, and subsequently named Division President of North America Financial Lines after ACE’s acquisition of Chubb in 2016.
Goldman has nearly 20 years of underwriting and risk management experience and is a lawyer with a graduate degree in taxation. Previously, he served as Executive Vice President, Financial Lines, Chubb Overseas General, the company’s international general insurance business with operations in over 50 countries, where he oversaw Chubb’s international financial lines division. He joined the company in 2008, as a Senior Vice President, on the ACE Professional Risk team at ACE USA, leading the U.S. Financial Institutions business.