Chubb hires environmental expert as global climate officer in ESG push

Property.casualty insurer  Chubb has hired a climate specialist, environmental lawyer and thought leader on sustainability and evolving climate risk for a newly created global role in a bid to push environmental, social and governance (ESG) efforts at the business.

Margaret Peloso (Pictured) joins Chubb as senior vice president, Chubb Group, global climate officer and executive director of the Chubb Charitable Foundation.

Peloso comes to Chubb from Vinson & Elkins, where she served as the law firm's lead sustainability partner with responsibility for integrating sustainability and ESG factors across its portfolio.

In the newly created role, Peloso will have responsibility for Chubb's climate-related strategies, including business and public policy initiatives, supporting the company's initiatives in implementing realistic, science-based responses to climate change.

As executive director of the Chubb Charitable Foundation, Peloso will guide the foundation in expanding its reach and delivering on projects designed to solve problems with measurable and sustainable outcomes.

An expert in environmental and global climate issues, Peloso has authored numerous studies and reports on sustainability and climate risks. She previously served on the American Bar Association (ABA) Section of Environment, Energy and Resources Council and has chaired several ABA committees.

"I am delighted to welcome Maggie to Chubb," said Evan Greenberg, chairman and chief executive officer of Chubb. "She has worked closely with us as outside counsel and demonstrated her leadership and expertise on a wide range of climate issues. As an insurer, our business is to provide protection to our insureds and offer them resilience against the threat of a changing climate through our products and services. We encourage and actively support societies' efforts to transition to net-zero while supporting in a responsible way the need for energy security. Maggie's experience and deep insight on climate issues will advance Chubb's leading role in meeting the challenges of climate change to the benefit of our clients and society."

Joseph Wayland, executive vice president and general counsel, Chubb Group, added: "Chubb is engaged in research and advocacy on climate issues, both internally and externally, through industry institutions and international organizations. Maggie's expertise and perspective will be critical as we further deepen our understanding of how underwriting policies can facilitate the reduction of GHG emissions, and as we continue to work actively to advance our industry's expertise in climate change mitigation and adaptation."

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