Firm vet will oversee property, casualty, skilled traces 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 Normal 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 function on June 1.
In his new function, Homan will likely be chargeable for Chubb’s worldwide business P&C enterprise, together with property, casualty, skilled traces, vitality and marine merchandise, the company said.
Homan will report back to Juan Luis Ortega, government vice chairman of Chubb Group and president of Abroad Normal Insurance coverage.
“Mark is an skilled underwriter with deep worldwide expertise,” Ortega stated. “Over the previous 12 years at Chubb, he has efficiently led our casualty enterprise, serving to to drive progress 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 method to managing and increasing our enterprise, from casualty to different P&C traces.”
Homan has three a long time of trade expertise. Previous to serving as COO for the division, he served as government vice chairman 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 function. O’Donnell is retiring from Chubb after 20 years of service.
“Tim has had nice success at Chubb, most lately main the substantial progress and persistently enhancing margins in our P&C division,” Ortega stated.”Throughout his tenure at Chubb, Tim has additionally led our worldwide monetary traces enterprise in addition to skilled traces in North America. He has been a trusted companion and has performed a key function in selling and nurturing expertise world wide. We congratulate Tim for a exceptional international insurance coverage profession and want him all the very best on this new stage of his life.”
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