Chubb replaces North America life sciences head

Property/casualty insurer Chubb has named Lee Farrow executive vice president and life sciences industry practice leader for North America.

Farrow succeeds Phil Fiscus who has been appointed to deputy industry practices manager. Both Farrow and Fiscus will report to Jim West, executive vice president, North America industry practice leader.

In his new role, Farrow will oversee the strategy, operations and underwriting of biotechnology, pharmaceutical, supplement, and medical device customers. As life sciences practice leader, Farrow will continue to lead the full spectrum of areas that produce and support Chubb's life sciences business, including its specialty in insuring companies for their worldwide exposures and placing of local admitted clinical trial policies around the globe.

In addition, Stephen Harris, senior vice president, Chubb life sciences, will now have expanded responsibilities in overseeing Chubb's major accounts customer segment within the life sciences industry practice. In this expanded role, he will report jointly to Farrow and Matt Merna, chief operating officer of Chubb's North America major accounts division.

"Lee has been instrumental in the development of Chubb's Life Sciences business, and has played an important role over the last 16 months in helping to integrate and leverage our broadened Life Sciences capabilities," West said. "He has the skills and expertise needed to lead the Practice and understands the unique risk management needs of our Life Sciences customers."

West added: "After having established Life Sciences as one of Chubb's most successful Industry Practices, Phil will utilize his experience, creativity and focus to assist in the build-out of new Industry Practices, and to broaden and strengthen our value proposition for existing Industry Practices including Life Sciences."

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