Chubb Appoints Key Officers to Propel Global Surety Operations Forward

Leadership Changes at Chubb

Chubb Limited has taken a significant step towards enhancing its Global Surety operations by announcing the promotion of key individuals within the company. Effective immediately, Steve Haney has been elevated to the position of President and Chief Underwriting Officer (CUO) of Global Surety, while Teresa Black steps up as Division President of North America Surety. These appointments reflect Chubb's commitment to strengthening leadership in their specialized insurance sector.

Steve Haney, who previously held the position of Division President of North America Surety and CUO of Global Surety, brings with him nearly three decades of underwriting experience. His tenure at Chubb dates back to 1997 when he joined as a surety underwriter. According to Juan Luis Ortega, Executive Vice President of Chubb Group, Steve’s extensive experience in the global surety domain uniquely qualifies him to guide the company's strategic initiatives and deliver exceptional value for its clients. This transition positions him as a pivotal figure in steering Chubb’s Global Surety business towards continued growth and innovation in the market.

Teresa Black, now Division President of North America Surety, has an impressive resume of 28 years in the insurance industry, including a significant role as COO of North America Surety. Her diverse expertise spans various facets of the business, including financial lines and operational management. Scott Meyer, Senior Vice President of Chubb Group, has lauded Teresa for her exceptional leadership qualities and extensive underwriting knowledge, emphasizing that her direction is essential for driving the success of both Chubb and its client base going forward.

With these leadership changes, Chubb aims to sharpen its focus on strategy, underwriting practices, and profitability across its Global Surety business. In her new capacity, Teresa will have executive oversight and profit-and-loss responsibility specifically for the North American market, reporting directly to Steve Haney. These adjusted roles underscore the company's strategic vision—leveraging executive expertise to foster a robust growth trajectory in the surety segment.

Chubb operates globally, offering a comprehensive array of commercial and personal insurance products across various lines, including property and casualty, accident, and supplemental health insurance. Listed on the New York Stock Exchange (NYSE: CB), Chubb boasts a workforce of approximately 43,000 employees worldwide and actively serves clients across 54 countries.

Conclusion

As Chubb continues to navigate the evolving insurance landscape, the recent appointments of Steve Haney and Teresa Black are emblematic of its dedication to maintaining leadership excellence within the industry. With a focus on strategic direction and enhanced assurance practices, Chubb is poised for continued success in delivering value to its diverse clientele.