Chubb shuffles reinsurance leadership for international business
Property/casualty insurer Chubb has bolstered its reinsurance team at Chubb Overseas General, its international general insurance business in more than 50 countries and territories, with new leadership appointments.
Chubb's ceded reinsurance business will now be co-led by Sunil Parmar and Alexander Crosby who are jointly promoted to the role of vice president and senior reinsurance officer, Chubb Overseas General (COG).
They succeed Jeremiah Konz who was recently appointed chief reinsurance officer of Chubb.
Parmar and Crosby will be responsible for treaty reinsurance purchases within COG worldwide, reporting to Konz and Timothy O'Donnell, vice president of Chubb Group, division president, commercial property and casualty, Overseas General Insurance.
Previously senior reinsurance officer at Chubb European Group, Parmar will continue to be based in London. His reinsurance responsibilities include managing and executing the purchase of property, casualty, financial lines, marine, specialty and aviation treaties across COG. He has more than 17 years' experience managing ceded reinsurance buyers in London, Paris, Tokyo and Sydney. Before joining Chubb, he worked for Montpelier Re and Guy Carpenter in a variety of reinsurance roles.
Crosby will also continue to be based in London following the promotion from his previous role as reinsurance officer at Chubb. His reinsurance responsibilities include managing and executing the purchase of financial lines, energy, political risk and other COG reinsurance placements. He has held various actuarial roles at Chubb before joining the ceded reinsurance team, working as an actuary across pricing, reserving and capital modelling and has more than 15 years' experience managing ceded reinsurance buyers in London, Miami and São Paulo.
O'Donnell said: "I am delighted that we are able to promote Sunil and Alex to this important role. Reinsurance is a vital aspect of our insurance business operation and a fundamental part of how we manage risk. Both Sunil and Alex bring with them not only deep expertise and experience but also impressive technical and analytical skills and I look forward to working with them in their new posts."
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