WHITEHOUSE STATION, N.J.,
Feb. 8, 2021 /PRNewswire/
-- Chubb has announced two new leadership appointments for its
North America Financial Lines division.
Michael Mollica, Executive Vice President, has been
appointed to lead Chubb's Private/Not-For-Profit Management
Liability business within the North America Financial Lines. Mr.
Mollica succeeds Leigh Anne Sherman,
who has been appointed Division President of ESIS, Inc., a Chubb
company, and a leading third-party claims administrator. In
this role, Mr. Mollica will have overall responsibility for leading
the company's Private/Not-For-Profit Management Liability business,
which focuses on providing Directors & Officers (D&O)
Liability, Fiduciary Liability, Employment Practices Liability
(EPL), Workplace Violence, Crime, and Kidnap & Ransom insurance
products. He will also provide underwriting support for the
Underwriting Service Branch (USB), which provides new and renewal
underwriting and services for eligible management liability product
offerings in the U.S.
Succeeding Mr. Mollica is Stephen
Troiano, who has been named Executive Vice President and
will lead the U.S. Retail Financial Institutions Management
Liability business. In this capacity, he will oversee a team of
underwriters focused on the addressing the management liability
needs of public and private financial institutions, offering
D&O Liability insurance, Professional Liability insurance and
other related lines of coverage.
Both appointments are effective immediately. Messrs. Mollica and
Troiano will report to Steven F.
Goldman, Vice President, Chubb
Group and Division President, North America Financial
Lines.
"Our top priority is to continuously strengthen our ability to
deliver superior management liability solutions and services to the
marketplace, and both Mike and Steve have the excellent leadership
and technical underwriting skills to help us achieve that," said
Mr. Goldman. "These appointments underscore the remarkably strong
leadership team that we have in place within North America
Financial Lines, and I look forward to the impact each will have on
our business moving forward."
Mr. Mollica has more than 20 years of industry experience. He
earned a Bachelor of Science degree in Marketing and Communications
from the Boston College Wallace E.
Carroll Graduate School of Management.
Mr. Troiano has more than 20 years of industry experience. He is
a Chartered Property Casualty Underwriter (CPCU) and earned a
Bachelor of Science degree in Finance from The College of New Jersey.
About Chubb
Chubb is the world's largest publicly traded property and
casualty insurance company. With operations in 54 countries and
territories, Chubb provides commercial and personal property and
casualty insurance, personal accident and supplemental health
insurance, reinsurance and life insurance to a diverse group of
clients. As an underwriting company, we assess, assume and manage
risk with insight and discipline. We service and pay our claims
fairly and promptly. The company is also defined by its extensive
product and service offerings, broad distribution capabilities,
exceptional financial strength and local operations globally.
Parent company Chubb Limited is listed on the New York Stock
Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New
York, London, Paris and other locations, and employs
approximately 31,000 people worldwide. Additional information can
be found at: www.chubb.com.
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SOURCE Chubb