Chubb hires from Lloyd's syndicate for marine expansion

Property/casualty insurer Chubb has expanded its marine capabilities with the hiring of Frank Chu as marine cargo underwriter, as well as three new underwriters.

Chu has over 20 years' experience in the insurance industry and previously has held senior Lloyd's cargo underwriting positions with several large insurers, including The Standard Syndicate 1884, AEGIS London, QBE Europe, and Amlin.

In his new role, Chu will be responsible for strengthening the overall capability of the existing cargo team within Chubb Global Markets (CGM), which comprises Chubb's London Market wholesale and specialty business including the company's Lloyd's platform. He will report to David Kirk, product head for cargo.

Chu will join the team comprising three additional recent hires - Emily Bryant, Ian Precious and Jack Buchan.

As yacht underwriter, Bryant is responsible for managing and developing the CGM yacht portfolio.

Precious, marine liability underwriter, oversees the management and development of the marine liability portfolio within CGM and supports the development of Chubb Overseas General's liability capabilities across the wider Chubb network.

Finally, hull underwriter Buchan is responsible for growing and diversifying the hull and wider marine portfolio including underwriting brown water and specialist tonnage where he has particular knowledge and expertise.

All the three executives report into James May, product head for hull, liability & yacht.

Mark Edmondson, head of marine for Chubb Global Markets, said: "I'm delighted with the specialist knowledge and experience that Frank, Emily, Ian and Jack bring to already well-established Marine teams at Chubb Global Markets. Their technical appreciation of the marine and logistics industry and its associated risks will enable us to further provide excellent service to our clients and grow the business and footprint not only within the London market, but further afield across the Chubb Overseas General network."