Property/casualty insurer Chubb has appointed David Furby to lead its European region, succeeding Andrew Kendrick.
Kendrick, who has led the company’s European operations as regional president since 2004, has announed his plans to retire from Chubb at year-end. The company said he will continue to serve as senior vice president, Chubb Group, and as executive chairman of the European Group through the end of 2018, focusing primarily on regulatory matters, including the company’s Brexit plans and duties related to the Chubb European Group Board of Directors and its Joint Underwriting Control Committee.
In his new role as the senior vice president of Chubb Group and regional president of European Group, Furby will have overall responsibility for the general management and business results for all Chubb operations in the UK and Ireland and the Continent of Europe.
Furby is currently the vice president of Chubb Group and division president of commercial property & casualty, for Overseas General Insurance, the company’s international general insurance business.
The insurer has named Timothy O’Donnell to succeed Furby in his current role. In his new role, O’Donnell will be responsible for the company’s international commercial P&C insurance business, including property, casualty, professional lines, energy and marine product lines. Currently, O’Donnell serves as executive vice president, financial lines, and chief operating officer of commercial property & casualty for Overseas General Insurance.
Both Furby and O’Donnell will report to Juan Andrade, executive vice president, Chubb Group and president, Overseas General Insurance.
Chubb also announced that Jalil Rehman, chief business operations officer, European Group, will be leaving the company effective July 1.
“As Chubb’s second-largest region, Europe is a core franchise and a significant contributor to the results of our organization,” said Evan Greenberg, chairman and chief executive officer of Chubb. “Andrew has been part of our company for more than 20 years and a real partner to me and our senior management team. He has done much to lead and build our business and our reputation across the U.K. and Continental Europe. His distinguished career has been defined by his leadership, skill and collegiality. We have been fortunate to have Andrew on our team for so many years. Andrew has earned his retirement, but we look forward to continuing to benefit from his experience, counsel and energy in the coming months.
Greenberg added: “David Furby joined our company with Andrew as part of the same 1996 acquisition, and we are delighted that David will now lead our European region. David has broad, deep and exceptional industry experience. In his career, he has been a broker, an underwriter for a Lloyd’s syndicate, managed our reinsurance business, and led our insurance operations on the Continent and then our commercial P&C business across our international division. David has proven he’s ready for this important role, and I have every confidence in his abilities and skill as a leader to drive sustained growth and profitability across the UK and Continent.”
Andrade said: “I am pleased to welcome Tim to his new role. Tim is a natural successor to David and is an outstanding insurance executive. One of our company’s most accomplished financial lines practitioners, Tim has demonstrated his commercial P&C expertise and senior leadership both in the U.S. and internationally.”
John Keogh, executive vice chairman, Chubb Group and chief operating officer, commented: “[…]We have an excellent team in place to pursue growth opportunities in our P&C, personal lines and accident and health businesses in this significant region of the world.”
