Chubb shakes up North America financial lines leadership
Property/casualty insurer Chubb has appointed Steven Goldman as vice president, Chubb Group and division president, North America financial lines.
Goldman succeeds Meyer Scott Meyer, who has been named new senior vice president, Chubb Group and division president of Westchester, the company's wholesale and excess and surplus lines insurance business.
Meyer replaces Bruce Kessler, who will be retiring at the end of the year, and will assume the role of chairman of Westchester.
In his new role, Meyer will have executive operating responsibility for the commercial property and casualty insurance business that serves the wholesale and excess and surplus (E&S) lines market, in the US and Canada, through its brokerage, binding, and programmes segments.
Goldman will have executive oversight of Chubb's management and professional liability lines of business, which spans public, private, not-for-profit, and financial institution directors and officers coverages, transactional risk, as well as its errors and omissions and cyber products.
Both Meyer's and Goldman's responsibilities will include oversight of strategy, product and business development, underwriting operations, and profit and loss performance for their respective divisions. They will report to John Lupica, vice chairman, Chubb Group, president, North America major accounts and specialty insurance.
Meyer has close to 30 years of underwriting and risk management experience in professional lines, while Goldman has nearly 20 years of underwriting and risk management experience.
"Scott and Steve both bring extensive leadership, underwriting and P&L management experience to their new roles. They are proven leaders in our company and will make an immediate impact in their respective businesses. Scott has done an excellent job building our financial lines business into the market leader it is today, which positions Steve well to further build upon those successes," said Lupica.
He added: "Bruce Kessler helped shape Westchester into one of the leading wholesale and excess and surplus markets in the U.S. I am confident he will continue to serve Westchester well in his new role, and I am looking forward to continuing to work closely with him, Scott and Steve as they make the transition into their new roles. I wish Bruce well in his retirement and thank him for 20 terrific years of service to Chubb."
