Chubb names new head of high net worth insurance unit

Insurer Chubb has promoted Tara Parchment to head its European personal risk services division, based in London.

In her new role, Parchment will have the responsibility for the performance of the company’s high net worth personal lines business in the UK and Continental Europe.

Before assuming her current role, Parchment was vice president, personal risk services, UK & Ireland. Prior to that she was UK and Ireland personal lines manager. She also held a variety of underwriting positions at Chubb before becoming European underwriting centre manager, personal lines.

Parchment will report to David Robinson, executive vice president, Europe, and division president, UK and Ireland. She will also have matrix reporting lines into Jeff Moghrabi, division president, Continental Europe, and Darryl Page, vice president, Chubb Group and division president, international personal lines.

Robinson said: "I am delighted that Tara has been appointed to this important and high-profile role for Chubb. Tara’s knowledge, experience and understanding is unrivalled within the High Net Worth world and she is quite rightly regarded with enormous respect by brokers, clients and key figures in the insurance industry.

"Tara has been an integral part of Chubb’s growth in the High Net Worth market for more than two decades. She was a member of the original team which launched High Net Worth in the UK 20 years ago and has made a tremendous contribution to the enormous growth of this business. Tara is perfectly placed to help our Personal Risk Services develop further to meet the evolving needs of this crucial market.

"Delivering a superior insurance proposition and exceptional claims service for our High Net Worth clients continue to be our top priorities. These provisions have made us what we are and they will continue to be the hallmark of High Net Worth going forward. Together with our highly-experienced team of personal lines specialists, Tara will also ensure that we work even more closely with our broker partners to create new opportunities for mutual growth."

Andrew Kendrick, regional president, Europe, added: "Tara’s appointment is richly deserved. I am absolutely thrilled that she has taken this role and look forward to the continued growth and development of Chubb’s Personal Risk Services. Under her leadership, Chubb’s Personal Risk Services will continue to provide the exclusive and highly specialised services and insight which are the foundations of its success."

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