Chubb
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The new hires join as CFO and COO under recently arrived CEO Juan Andrade. -
Robert Poliseno was named as Updyke’s replacement in the role of COO for the company’s field operations in the region.
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John Lupica steps into the role of president for North America commercial and personal insurance.
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Insurance CEOs say a narrative of economic disruption helped to achieve double-digit rate rises in lines such as commercial property and D&O.
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The CEO also says Chubb pitched its $1.4bn coronavirus loss estimate "right up the middle".
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The report included elevated cat losses, including Covid, in line with the numbers pre-announced three weeks ago.
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Martin has been with Chubb since 2011 and previously led its workplace benefits division.
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Steven Goldman will replace Meyer as president of Chubb’s North America financial lines division.
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John Fielding joins Chubb as global government and industry affairs senior vice president and GC.
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Underwriters in the cyber insurance market are anticipating a major payout following a ransomware attack on US technology and consulting company Cognizant.
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The carrier’s plan would provide up to $750bn in pandemic cover for small businesses and $400bn for large enterprises.
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Chubb went first with a second-quarter loss pick for Covid-19 yesterday, pre-announcing that it would post $1.365bn of reserves for claims relating to the pandemic.
