Chubb prepares for cooperation with Chinese giant PICC
Chubb has made changes within its senior leadership team following a strategic cooperation agreement with PICC Property & Casualty Company of China.
Jeff Moghrabi has been appointed to the newly-created role of senior vice president, strategic partnerships, Chubb Overseas General. Moghrabi will be replaced as division president Continental Europe by Adam Clifford, currently country president for Singapore.
Chubb had announced the agreement with PICC in November 2017, which will enable Chubb to jointly develop insurance business with some of China's largest enterprises, while giving PICC access to Chubb's insurance networks.
In his new role, Moghrabi will be responsible for leveraging Chubb's global capabilities in support of PICC's customers and other Chinese-affiliated companies around the world in line with the Chinese government's drive to promote the country's "Going Out" and "One Belt One Road" initiatives. He will report to Juan Andrade, executive vice president, Chubb Group and president, Overseas General Insurance, Chubb.
Moghrabi, who has more than 30 years of insurance industry experience, joined Chubb in 2003 as country president for Italy. He has subsequently held various positions including country president, France before taking on wider responsibilities across Continental Europe. He has been division president Continental Europe since 2013.
In his new role, Clifford will be responsible for all Chubb’s property and casualty, accident and health and consumer lines operations across the 17 countries that make up the company’s Continental Europe region. He will be based in Paris and will report directly to Andrew Kendrick, regional president Europe, Chubb.
Clifford is currently country president Singapore. He was previously regional head of casualty for Asia Pacific.
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