HAMILTON, Bermuda,
July 11,
2022 /PRNewswire/ -- Chubb announced today that
Natalie Chiaramonte has been named
Division President of Sovereign Risk Insurance Limited, a Chubb
company and leading underwriter of political risk insurance and
reinsurance.
Prior to this role, Ms. Chiaramonte served as Senior Vice
President and Chief Operating Officer of Sovereign. In her new
role, Ms. Chiaramonte will have executive operating responsibility
for the company, which provides political risk and sovereign credit
insurance to commercial and investment banks, exporters,
multinational corporations, export credit agencies, multilateral
agencies and private equity investors. She will report to
John Lupica, Vice
Chairman, Chubb Group and President of North America
Insurance, and Judy Gonsalves,
Division President, Chubb Bermuda.
The appointment is effective immediately.
"Natalie is an insightful and professional political risk
underwriter with strong knowledge and following in the marketplace
among brokers, clients and partners," said Evan G. Greenberg, Chairman and Chief Executive
Officer of Chubb. "As Sovereign celebrates its 25th
anniversary, I am confident that with Natalie's leadership we will
continue to strengthen our market position in this highly
specialized field."
Ms. Chiaramonte succeeds Price Lowenstein, who is planning
to retire from the company. Mr. Lowenstein, who has led Sovereign
since he helped create the company in 1997, will assist with the
transition in an advisory capacity through the end of
2022.
"Price was instrumental in the formation of Sovereign and,
in fact, was the business's very first employee," said Mr. Lupica.
"I want to thank him for his 25 years of service and for building
Sovereign into the company it is today. On behalf of Chubb, we wish
Price the very best during his retirement."
Ms. Chiaramonte has more than 25 years of experience in
insurance and banking. She joined Sovereign in 2001 as a research
analyst and transitioned to underwriting. She was named Senior Vice
President in 2015 and Chief Operating Officer in 2020. Prior to
joining Sovereign, she was an assistant vice president with Bank of
Bermuda (now part of HSBC), where she worked in Bermuda, Luxembourg and New York. She holds a
B.A. degree from Brown
University.
About Sovereign, a Chubb Company
Sovereign Risk Insurance provides political risk and sovereign
credit insurance to commercial and investment banks, exporters,
multinational corporations, export credit agencies, multilateral
agencies and private equity investors.
Sovereign has underwritten more than 2,000 policies and has a
global portfolio that is spread over more than 100 emerging and
frontier markets. Sovereign is widely recognized within the
international insurance, private equity and export/project finance
communities as a sophisticated and reliable risk-sharing partner.
Sovereign is also a member of the Berne Union, the worldwide
organization of national export credit and investment insurance
agencies.
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 34,000 people worldwide. Additional information can
be found at: www.chubb.com
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SOURCE Chubb Bermuda