Firm veteran will oversee property, casualty, skilled strains and extra
Chubb, the world’s largest publicly traded property-casualty insurance coverage firm, has introduced the appointment of Mark Homan (pictured above) as division president, worldwide property and casualty, for Abroad Basic Insurance coverage, the corporate’s worldwide common insurance coverage operations.
Homan at present serves as chief working officer for the division, and can step into his new position on June 1.
In his new position, Homan will probably be chargeable for Chubb’s worldwide industrial P&C enterprise, together with property, casualty, skilled strains, power and marine merchandise, the company said.
Homan will report back to Juan Luis Ortega, govt vp of Chubb Group and president of Abroad Basic Insurance coverage.
“Mark is an skilled underwriter with deep worldwide expertise,” Ortega mentioned. “Over the previous 12 years at Chubb, he has efficiently led our casualty enterprise, serving to to drive development that has positioned Chubb as a market chief in one in all our largest worldwide P&C companies. Mark has persistently demonstrated a considerate and efficient strategy to managing and increasing our enterprise, from casualty to different P&C strains.”
Homan has three a long time of business expertise. Previous to serving as COO for the division, he served as govt vp of worldwide casualty. Previous to becoming a member of Chubb in 2011, Homan held administration positions in each Europe and the US, together with stints at Allianz, AIG and Wüba, the place he served as a member of the board.
Homan succeeds Timothy O’Donnel within the position. O’Donnell is retiring from Chubb after 20 years of service.
“Tim has had nice success at Chubb, most just lately main the substantial development and persistently bettering margins in our P&C division,” Ortega mentioned.”Throughout his tenure at Chubb, Tim has additionally led our worldwide monetary strains enterprise in addition to skilled strains in North America. He has been a trusted companion and has performed a key position in selling and nurturing expertise all over the world. We congratulate Tim for a exceptional international insurance coverage profession and want him all one of the best on this new stage of his life.”
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