Chubb sets up new energy underwriting team for Global Markets
Property/casualty insurer Chubb has set up a new energy underwriting team in its London market insurance division Chubb Global Markets (CGM), which comprises its wholesale and specialty business including the company's Lloyd's platform.
The new team will underwrite and serve as a centre of excellence for all large corporate energy clients in EMEA, Asia Pacific and Latin America. While the middle market energy customers' risks will continue to be underwritten and serviced locally.
Based in London, the team will be led by Andrew Brown as head of energy CGM. Brown brings more than 15 years of experience to the role, most recently as chief underwriting officer of global energy for Chubb Overseas General (COG). He joined Chubb 14 years ago and has held positions across upstream and downstream energy within CGM and has been based in both London and MENA.
He will be joined by four product leads, including Melanie Markwick-Day, Adam Groves, Riaz Thanduparakkal and Matthew Bilbey.
As the head of upstream energy, Markwick-Day will be responsible for managing and developing the upstream portfolio, moving from her most recent role as upstream energy senior underwriter COG.
Groves will oversee the management and development of the downstream energy portfolio. He was previously regional head of energy for Chubb in MENA.
Thanduparakkal, formerly energy product head for CGM, has been appointed head of multinational and network.
Bilbey joins the team as chief underwriting officer (CUO) from his most recent role as regional head of energy for Chubb in Asia Pacific.
Jason Keen, president of Chubb Global Markets, executive vice president Europe said: "I'm delighted that under the leadership of Andrew, Melanie, Adam, Riaz and Matthew we have a very experienced team in place and by concentrating our resources we are creating an entrepreneurial underwriting environment that will bring new and innovative solutions to our clients not only within the London market, but further afield across EMEA, Latin America and Asia Pacific."
Matthew Hardy, global head of energy, executive vice president Chubb Overseas General, added: "These structural changes will enhance the value proposition across our Global Energy operation and help us to deliver more focused solutions for our clients and distribution partners.
"Crafting two distinct operating models, with dedicated underwriting, engineering and claims teams, will enable us to create an effective offering for brokers and clients so we can respond to their needs even more quickly and capitalise on our global insights across both segments. Our regional offices will provide local expertise along with focused underwriting for our clients. These changes also further demonstrate the breadth of technical understanding we have within Chubb Global Energy."
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