Chubb Elevates Seth Gillston to Lead North America Major Accounts for Global Casualty Insurance

Chubb's Strategic Leadership Move

In a significant development for the insurance sector, Chubb, a global leader in property and casualty insurance, has announced the appointment of Seth Gillston as the Executive Vice President and Head of Global Casualty for Major Accounts in North America. This strategic move, effective February 4, 2025, aims to enhance Chubb's operations and client service framework in a highly competitive market.

Roles and Responsibilities

Seth Gillston will be responsible for overseeing the daily activities of the Global Casualty business unit within Chubb. This unit focuses on providing comprehensive domestic casualty insurance solutions tailored to the needs of large national and international corporations. He will play a critical role in shaping the strategies around product development, production, and profitability, directly reporting to Matt Merna, Senior Vice President of Chubb Group, and Division President for North America Major Accounts.

Gillston's appointment comes at a time when Chubb is keen on aligning its global casualty strategies with the unique requirements of clients and distribution partners. His leadership is expected to significantly contribute to enhancing the capabilities and service offerings that Chubb provides. "Seth's extensive experience and deep understanding of our clients' needs will be invaluable," stated Merna.

Leadership Transition

This appointment also marks a transition for Lou Capparelli, who served as the head of the Global Casualty business since 2017. Upon Gillston's entry into the role, Capparelli has taken on the position of Chairman of Global Casualty at Chubb. The leadership duo aims to work closely to fortify Chubb's market position as a premier casualty solutions provider.

Seth Gillston's Background

Gillston is no stranger to Chubb or the insurance industry at large. With nearly 30 years of experience, he joined the company in 2000 and has held various leadership roles across multiple domains, including the Real Estate and Hospitality Practice and the Alternative Risk Solutions group. His broad background equips him with the skills necessary to manage complex client needs and develop innovative solutions for the ever-evolving insurance landscape.

Chubb Overview

Chubb operates in 54 countries and territories and is renowned for its extensive range of insurance products, which include commercial and personal property coverage, casualty insurance, and reinsurance. The company prides itself on its robust financial strength and a customer-focused approach, employing approximately 40,000 professionals worldwide. With a stock listing on the New York Stock Exchange (NYSE: CB) and being a component of the S&P 500 index, Chubb is ideally positioned to adapt to market changes and demands.

In conclusion, Seth Gillston’s appointment is set to herald a new era of service excellence in Chubb’s Global Casualty business, underscoring the company’s commitment to meeting the diverse needs of its clients in North America.