Chubb names SVP and head of surety for Europe

Insurer Chubb has appointed Luc Reuter as senior vice president (SVP) and head of surety for Europe.

Reuter, who served in the same position for legacy ACE, will be responsible for the performance and profitable development of Chubb’s surety business.

Supported by its global network, Chubb offers a range of surety products to its European clients, including contract bid, performance and advance payment bonds, bonds to secure payment and legal/regulatory obligations and bonds to appeal adverse tax-related and civil judgements.

Under Reuter’s leadership, Chubb’s surety business in Europe has expanded over the last three years to include local presence and underwriting resource in six markets, namely Germany, France, Benelux, Iberia, Italy and the UK and Ireland.

Reuter has extensive financial services experience, including 16 years of credit and surety underwriting. He is a former chairman of the Surety Committee of the International Credit Insurance & Surety Association (ICISA). He will continue to be based in Frankfurt and report to Stephen Haney, chief underwriting officer. global surety for Chubb, with a matrix reporting line to Jeff Moghrabi, regional president, Continental Europe for Chubb.

Haney said: “I am delighted that Luc will continue to head our surety business in Europe. As a recognised global surety expert, his considerable knowledge and extensive market experience are a real asset to our offering for our clients in the region.

“Chubb’s global presence and great underwriting expertise give us a strong platform to further build our presence across Europe. I look forward to continue working with him.”

Moghrabi added: “Luc has led the successful expansion of our surety business across some of Europe’s biggest markets. His continued leadership will be instrumental in making sure that our clients, especially Europe’s many successful exporting companies, realise and fully benefit from the benefits of our suite of surety products.”