ZURICH, July 9, 2024
/PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that it
has appointed Paul McNamee Executive
Vice President, Chubb Group and
President, Overseas General Insurance, based out of New York. McNamee will have executive
operating responsibility for Chubb's general insurance business in
51 countries outside of North
America.
McNamee, who is currently Senior Vice President, Chubb Group and Regional President of
Asia Pacific, will report to
Evan G. Greenberg, Chairman and
Chief Executive Officer, and John
Keogh, President and Chief Operating Officer. McNamee
succeeds Juan Luis Ortega, who was
named President of the company's North America Insurance
operations.
Marcos Gunn, Senior Vice
President, Chubb Group and Regional
President of Latin America will
succeed McNamee as head of the company's Asia Pacific region. He will relocate from
Miami to Singapore. Federico
Spagnoli, Division President, Consumer Lines, Overseas
General Insurance, will retain his current responsibilities and
assume the leadership of the company's Latin America region succeeding Gunn. Both
Gunn and Spagnoli will report to McNamee.
All of the appointments are effective immediately.
"It is a pleasure to appoint Paul to lead our international
general insurance operations," said Greenberg. "I have worked
closely with Paul for many years and watched him grow into a great
executive. He is a tremendous underwriter and business leader.
Through his years of experience, he has acquired a great ability to
manage a wide variety of commercial and consumer businesses across
countries and cultures. He finds a way to win."
"Marcos is an outstanding executive with a long track record of
success with our company. He is returning to Asia with deep knowledge and significant
experience in the region. Marcos is one of the most creative and
entrepreneurial insurance executives I know. He combines a deep
knowledge of underwriting, marketing and technology. I have such
confidence in both Paul and Marcos.
"While new to the Chubb family, Federico has quickly established
himself as a serious and driven executive, and I am sure he and our
talented leadership team in Latin
America will continue to distinguish themselves."
"Paul is a proven insurance executive and a true
internationalist," said Keogh. "He has proven himself in multiple
regions of the world, including Asia
Pacific, Europe and
North America. This is an
exceptional opportunity for Paul to now profitably grow our entire
international general insurance franchise. I also want to
congratulate Marcos and Federico on their new assignments.
Together, these executives represent our company's deep bench
strength, and I want to extend to all of them my best wishes for
their continued success."
Paul McNamee has nearly 30 years
of insurance industry experience. He was appointed Senior Vice
President, Chubb Group and Regional
President, Asia Pacific in 2016.
He served as Deputy Regional President and Executive Vice
President, Commercial Property & Casualty, Asia Pacific from 2013-2016. Previously,
McNamee was President of the company's North America Property &
Specialty Lines from 2009-2013. He joined Chubb (ACE) in 1995 in
Australia and was named Head of
Property and Technical Lines for Asia
Pacific in 2002. McNamee served as Chief Operating Officer
for the company's business in Hong
Kong before being posted to London in 2005 as Executive Vice President and
head of the company's International Property & Technical Lines
business. McNamee entered the industry in 1995, joining Cigna
Corporation's International operations in Australia, which were subsequently acquired by
ACE.
Marcos Gunn has more than 25
years of insurance industry experience. He was appointed Senior
Vice President, Chubb Group and
Regional President, Latin America
in 2019. Previously, he served as President, Northern Latin America
Region, and Chief Operating Officer for the company's Latin America operations. Gunn joined Chubb in
2000 and has served in a variety of management roles, including
Country President of Chile;
Regional Vice President of A&H, Latin
America; and Regional Vice President of A&H,
Asia Pacific. Earlier in his
career, he served as a commercial insurance underwriter at Chubb in
Argentina, as well as underwriting
and management positions at other insurance companies. Gunn holds a
degree in Business Administration from the
Catholic University of Buenos
Aires.
Federico Spagnoli has more than
20 years of insurance industry experience. He joined Chubb in
January 2024 as Division President,
Consumer Lines, Overseas General Insurance. Previously, Spagnoli
was Chief Executive Officer of Fully Ecosystem, a wellness fintech
venture of Prudential Financial, and before that was Regional
President, Latin America for
Prudential Financial. Over nearly 13 years at AIG, Spagnoli served
as Regional Consumer CEO for EMEA and India, Regional Consumer Lines Head for
Latin America, and Personal Lines
Regional Vice President for Latin
America, and he held A&H and personal lines leadership
roles in Japan and South Korea. Spagnoli holds a degree in Law
from Universidad del Salvador, an
MBA degree in Management and Finance from Washington University in St. Louis, and a Postgraduate Diploma in
Strategy and Innovation from the University of
Oxford. He also holds the Chartered Property Casualty
Underwriting (CPCU) designation.
About Chubb
Chubb is a world leader in insurance. 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 40,000 people worldwide. Additional information can
be found at: www.chubb.com.
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SOURCE Chubb Limited