Chubb Limited has announced that John Thompson has been appointed Division President, International Accident & Health (A&H). Currently, Mr. Thompson is Chief Underwriting Officer, Personal Insurance for Chubb Overseas General, the company's international general insurance business. In his new role, he will be responsible for Chubb's international personal accident, supplemental health and travel insurance business in 51 countries. Mr. Thompson will report to Juan C. Andrade, Executive Vice President, Chubb Group and President, Overseas General Insurance, and Ed Clancy, Executive Vice President, Chubb Group, Global Accident & Health and Life.
Soledad Muné, Vice President, International Head of Residential, Personal Insurance for Chubb Overseas General, has been named Chief Underwriting Officer, Personal Insurance for Chubb Overseas General, succeeding Mr. Thompson. In her new role, Ms. Muné will be responsible for ensuring the continued profitability of the company's international auto and residential insurance portfolios. She will report to Darryl Page, Vice President, Chubb Group and Division President, Personal Insurance, Overseas General Insurance.
Both appointments are effective immediately.
"We are very pleased to announce John as head of Chubb's international A&H business," said Mr. Andrade. "John is a seasoned underwriter with tremendous depth and experience in data analytics, portfolio management, agency and direct distribution. He has been a leader and a major contributor to the profitable growth of our international personal lines business. John is widely recognized for his creativity, exceptional work ethic and passion for talent, including a track record of building strong teams around the world."
"John's leadership and experience is a welcome asset to our Accident & Health business as we continue to expand internationally," said Mr. Clancy. "His background and successful track record in building businesses, along with his direct marketing expertise, are particularly relevant and important in his new role. Juan and I look forward to working with John to profitably grow our international A&H franchise."
Mr. Thompson has played a leading role in advancing the company's global consumer product and geographic diversification strategy with a focus on auto, residential and, recently, high net worth portfolios. He was also instrumental in the successful integration of the personal lines business of several company acquisitions over the years.
Before joining the company, Mr. Thompson led product development for auto and home at The Hartford. He started his career as an economist at the Federal Reserve Bank of Dallas. He holds Bachelor's and Master's degrees in Economics from Utah State University and an MBA from the Yale School of Management.
"Soledad is an outstanding choice to serve as the chief underwriting officer for our international personal lines business," said Mr. Page. "She has more than 15 years of experience in both U.S. and international personal lines P&L management, both residential and auto, including portfolio planning, management and optimization, pricing, underwriting, product development and regulatory process. Her strong analytical, problem-solving, and statistical and financial modeling skills will help ensure our business continues to generate profitable growth."
Ms. Muné has been responsible for the company's residential insurance portfolio in 18 countries across Asia and Latin America including portfolio profitability, the creation of underwriting standards and new product development. She has also led the creation of catastrophe management reporting capabilities for the company's emerging markets residential and small commercial businesses and built the international personal lines audit process.
Before joining the company, Ms. Muné worked at Travelers and held a number of roles including leading international and emerging markets personal insurance product management and, prior to that, the company's residential portfolios in the United States. She holds an MBA from New York University, a Master's degree in Mathematics and Statistics from Central Connecticut State University and a Bachelor's degree in Mathematics from Trinity College.
Latest from International Private Medical Insurance (IPMI) Magazine
- Seguros Bolivar Launches New Generation Of Tiered International Health Plans In Colombia
- Generali Global Assistance Releases 2017 Recap For Travel And Insurance Trends
- iPMI Magazine International Private Medical Insurance Providers Network Directory February 2018
- Insurers Place An Increasing Emphasis On Creating Long-Term Bancassurance Partnerships
- IPMI Boom: Survey Reveals UK Businesses Plan More Overseas Assignments In 2018