Chubb picks P&C veteran to steer international business following exit
Chubb has tapped a property and casualty insurance veteran with over three decades of industry experience to lead its international P&C business following the departure of Timothy O’Donnell after 20 years of service.
Mark Homan (pictured) has been appointed new division president, international property and casualty, for Overseas General Insurance, the company's international general insurance operations. He currently serves as chief operating officer for the division, and before that was executive vice president, international casualty.
Homan began his insurance career in 1993 and, prior to joining Chubb in 2011, held management positions in Europe and the US, including at Allianz, AIG and Wüba, where he served as a member of the board.
In his new role, Homan will be responsible for the company's international commercial property and casualty (P&C) insurance business, including property, casualty, professional lines, energy and marine product lines. Homan succeeds O'Donnell, who is retiring from the company.
Homan will report to Juan Luis Ortega, EVP, Chubb Group and president, Overseas General Insurance, who said: "Mark is an experienced underwriter with deep international experience. Over the past 12 years at Chubb, he has successfully led our casualty business, helping to drive growth that has positioned Chubb as a market leader in one of our largest international P&C businesses. Mark has consistently demonstrated a thoughtful and effective approach to managing and expanding our business, from casualty to other P&C lines."
Ortega added: "Tim has had great success at Chubb, most recently leading the substantial growth and consistently improving margins in our P&C division. During his tenure at Chubb, Tim has also led our international Financial Lines business as well as Professional Lines in North America. He has been a trusted partner and has played a key role in promoting and nurturing talent around the world. We congratulate Tim for a remarkable global insurance career and wish him all the best in this new stage of his life."
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