Chubb
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The executive will head operations for the medium-sized business insurance segment.
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Size of payout will depend on whether CBI sub-limit of $100mn holds, with insured seeking $450mn.
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Three underwriters have been put under consultation as a result of the decision. -
Joe Vasquez takes on the role as Kevin Goulding retires.
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AIG, Chubb, Markel, Swiss Re and Zurich are among the carriers which face potential losses from the tour operator's collapse.
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The executive, who has been with Chubb for 16 years, will join AIG as head of UK energy.
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Starr and USAA CEOs also agree to promote benefits for staff, customers and communities in leading their companies.
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The move follows regulatory scrutiny in other states over the offering of Carry Guard policies.
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He takes over from Juan Andrade, who this morning was named as incoming Everest Re CEO.
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The appointment counters expectations the (re)insurer would choose an internal replacement for its CEO.
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The Chubb CEO hit out at the wave of litigation which often follows acquisitions.
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The Chubb chairman and CEO says a broad acceleration of rate growth is sustainable.
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