Chubb appoints new reinsurance officer

Insurer Chubb has named Jeremiah Konz as executive vice president, reinsurance officer for its international general insurance business Chubb Overseas General.

Konz succeeds Neil Bennett, who will retire at the end of 2018.

Konz is currently senior vice president, ceded reinsurance for Chubb's North American operations. Before joining Chubb in 2012, he worked as an executive for reinsurance brokerage firm Aon Benfield providing analytic expertise to large commercial property reinsurance placements.

In his new role, which will be effective Jan. 1, he will have overall responsibility for Chubb's ceded reinsurance programmes for all markets outside North America. Konz will report to Timothy O'Donnell, vice president, Chubb Group and division president, commercial property and casualty, overseas general insurance, and to Michael Kessler, vice president, Chubb Group and chief reinsurance officer.

"Reinsurance is a critical part of how we manage risk, and Jeremiah brings deep expertise, as well as strong analytical and technical skills. I am pleased to welcome him to his new role," said Juan Andrade, executive vice president, Chubb Group and president, Overseas General Insurance. "I also want to thank Neil for his two decades of contributions to Chubb. We will wish him the best when he retires at year end."

O'Donnell added: "Jeremiah 's experience and understanding of insurance and reinsurance markets will add real value to our business. I am confident that his leadership will help us to further develop and implement our reinsurance strategy. We also look forward to continuing to work with Neil in the coming months as he approaches his well-earned retirement."

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