Chubb appoints worldwide P&C chief

Chubb, the world’s largest publicly traded property-casualty insurance coverage firm, has introduced the appointment of Mark Homan (pictured above) as division president, worldwide property and casualty, for Abroad Normal Insurance coverage, the corporate’s worldwide common insurance coverage operations.

Homan at present serves as chief working officer for the division, and can step into his new position on June 1.

In his new position, Homan can be liable for Chubb’s worldwide industrial P&C enterprise, together with property, casualty, skilled traces, vitality and marine merchandise, the corporate stated.

Homan will report back to Juan Luis Ortega, government vice chairman of Chubb Group and president of Abroad Normal Insurance coverage.

“Mark is an skilled underwriter with deep worldwide expertise,” Ortega stated. “Over the previous 12 years at Chubb, he has efficiently led our casualty enterprise, serving to to drive progress that has positioned Chubb as a market chief in one in every of our largest worldwide P&C companies. Mark has constantly demonstrated a considerate and efficient strategy to managing and increasing our enterprise, from casualty to different P&C traces.”

Homan has three many years of business expertise. Previous to serving as COO for the division, he served as government vice chairman of worldwide casualty. Previous to becoming a member of Chubb in 2011, Homan held administration positions in each Europe and the US, together with stints at Allianz, AIG and Wüba, the place he served as a member of the board.

Homan succeeds Timothy O’Donnel within the position. O’Donnell is retiring from Chubb after 20 years of service.

“Tim has had nice success at Chubb, most just lately main the substantial progress and constantly enhancing margins in our P&C division,” Ortega stated.”Throughout his tenure at Chubb, Tim has additionally led our worldwide monetary traces enterprise in addition to skilled traces in North America. He has been a trusted accomplice and has performed a key position in selling and nurturing expertise all over the world. We congratulate Tim for a outstanding international insurance coverage profession and want him all the most effective on this new stage of his life.”

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