Chubb shakes up executive leadership to expand digital portfolio

Property/casualty insurer  Chubb has unveiled executive leadership changes with new chief risk officer and chief digital business officer to improve its enterprise risk strategies and expand the company's digital portfolio.

Frances O'Brien (pictured) has been appointed executive vice president, Chubb Group and chief risk officer. She has more than 40 years of insurance industry experience.

Currently, O'Brien is senior vice president, Chubb Group and deputy CRO, a position she has held since January 2022. In her new role, O'Brien will have executive responsibility for Chubb's enterprise risk management organisation and the effective execution of its enterprise risk strategies and processes.

Chubb's current chief risk officer, Sean Ringsted, will continue to serve as executive vice president, Chubb Group and chief digital business officer, leading the expansion of the company's digital business unit globally and having responsibility for the use of data and analytics to drive decision-making insights across the company. He will remain a core member of the Risk Underwriting Committee.

Ringsted has more than 30 years of experience in the insurance industry. He has served as chief risk officer of the company since 2008 and, in 2017, was appointed to the additional role of chief digital officer.

O'Brien and Ringsted will both report to Evan Greenberg and John Keogh, president and chief operating officer.

"Fran is a seasoned executive with extensive underwriting, risk, actuarial and management experience. She has a long track record of success and I have every confidence in her ability to lead this important aspect of our company. Managing our own risk exposures well are foundational for a company in the risk business," said Greenberg, chairman and CEO of Chubb.

He added: "This change in executive leadership responsibilities recognises the significant opportunity we have to harness our resources and deploy cutting-edge technologies, including machine learning, artificial intelligence and large-scale data, to deliver business value and strategic advantage to Chubb's businesses. Under Sean's leadership we will also continue to expand Chubb's digital product and service offerings."

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