Chubb's European claims head to retire; successor revealed

Property and casualty insurer Chubb has promoted Steve Parry to the role of director of claims for Europe and Eurasia and Africa, succeeding Peter Murray, who is retiring this year.

In his new role, Parry will have the overall responsibility for strategy and delivery of the company’s claims service in these regions.

He will continue to be based in London, and report to Jalil Rehman, chief business operations officer and executive vice president Europe, with a matrix reporting line to Andrew McBride, executive vice president of claims for overseas general insurance.

Parry is currently the claims director for UK and Ireland, operations and integration. Prior to that, he served as the head of UK and Ireland claims until 2016.

Parry joined Chubb in 2006 as head of property, energy and technical lines claims for Europe, and previously held a range of claims management positions at AIG Europe.

Murray will work closely with Parry and Andrew during the handover period. He was appointed to his current role in 2001, having joined the company in 1999 as claims director of ACE Global Markets.

Murray, who is retiring after a 40-year career in the insurance industry, has also previously served in a number of claims technical and management roles at Lloyd's for over two decades.

Andrew Kendrick, regional president of Europe at Chubb, commented: "Steve’s breadth and depth of experience and his proven leadership of the claims function in our biggest European market position him perfectly for this important role as we continue to build a market-leading claims proposition to support the future needs of our clients and partners."

"Over the past two decades, Peter has been a trusted, dependable and astute partner to me, to our boards and executive team, and to the whole company. He leaves with my sincere thanks for an outstanding contribution to the organisation and very best wishes for his retirement.”

McBride said: "Steve brings impressive technical and market experience and a deep commitment to delivering a superior and market-leading claims service. I look forward to working with him in his new role."

He added: "I would also like to take the opportunity to thank Peter for his outstanding contribution, not only to Chubb but also to the wider industry. He has provided his valued leadership and direction to a range of major loss events and transformational market changes over many years."

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