Chubb, a global leader in property and casualty insurance, has appointed Tim Benson as its new executive vice president, multinational insurance leader, effective October 30.
In this role, Benson will oversee strategy, product development, and business operations for Chubb’s multinational book of business. He will also manage underwriting operations, profit and loss performance, and work closely with the company’s Global Services group to coordinate North America multinational programmes.
Chubb is known for providing a wide range of insurance products and services across commercial, personal, and specialty insurance.
The company operates globally, offering comprehensive coverage for clients with international exposures, distinguishing itself through its robust multinational capabilities.
Benson brings more than 20 years of experience in the insurance industry to his new position.
Before this role, he served as executive vice president and chief revenue officer for Chubb’s middle market division.
Throughout his tenure with Chubb, Benson has held numerous leadership roles, including heading the multinational team for middle market and small commercial underwriting from 2011 to 2019.
Additionally, he led Chubb’s Global Services organisation and has been with the company since 2005, when he started in the corporate finance department.
Benson succeeds Laura Vest, who is retiring from Chubb after 20 years of service. Laura played a key role in the company’s multinational operations and the Dallas regional office, earning respect for her leadership and contributions during her tenure.
Matthew Merna, division president, North America major accounts at Chubb, commented on Benson’s appointment, stating, “Chubb’s ability to offer solutions for commercial customers with international exposures is a key differentiator in the market. Tim’s extensive industry experience and long tenure with our organization will be an invaluable asset to Chubb’s multinational insurance business unit as it continues to grow and evolve.”
Ben Rockwell, division president, Chubb middle market, added, “Tim’s track record of success at Chubb and proven leadership skills are an ideal fit for his new role. We are excited to see him bring Chubb’s full scope of multinational capabilities to our clients and distribution partners.”
Reflecting on Vest’s retirement, Merna said, “We are extremely grateful for Laura’s years of service and the invaluable leadership she has provided during her tenure at Chubb. She has been a trusted partner and played an important role in our multinational operations as well as within our Dallas regional office. We wish her all the best in her retirement.”
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