Chubb reshuffles management in global life and general insurance operations

Insurer Chubb has announced several management appointments for its general and life insurance operations.

Cunqiang Li has been named chief operating officer of Chubb Life, the company's international life insurance division. Currently chairman and CEO of Huatai Life, a joint venture between Chubb and the Huatai Insurance Group in China, Li will be based in Hong Kong and will focus on leading the day-to-day operations of Chubb Life's Asian life insurance entities, in addition to continuing to provide governance oversight to the operations of Huatai Life. Li will report to Russell Bundschuh, senior vice president, Chubb Group and president, Chubb Life.

Kevin Goulding has been named president of Combined Insurance, the company's agency and worksite-based personal accident and supplemental health insurance company. Currently regional president, Asia Pacific, of Chubb Life, Goulding will be responsible for all management aspects of this business, which has operations in the US and Canada. He will be based in Chicago and will report to Ed Clancy, executive vice president of Chubb Group, Global Accident & Health and Life.

Brad Bennett has been named regional president of the company's Far East operations in Japan. Currently senior vice president, Chubb Group and president, Combined Insurance, Bennett will be responsible for the management and business results for all general insurance operations including property and casualty, accident and health, and personal lines. He will be based in Tokyo and will report to Juan Andrade, executive vice president, Chubb Group and president, Overseas General Insurance.

Jeff Hager has been named regional chief operating officer of the Pacific Region in the US. Currently regional president, Far East, Hager will provide management oversight for the regional underwriting and sales strategies in the seven branches of the region which include Los Angeles, San Francisco, Newport Beach, San Ramon, Seattle, Portland and Phoenix. Hager will be based in San Ramon, where he will also lead that branch, and report to Jim Darling, regional executive officer for the Pacific Region.

Chris Martin has been named chief operating officer of Combined Insurance. Martin is currently president of Chubb Workplace Benefits, the worksite division of Combined Insurance, and he will continue with these responsibilities. He is based in Chicago and will report to Goulding.

"One of Chubb's greatest strengths is the experience and depth of our management team globally, which is fully evident in the leadership appointments we announced today," said Evan Greenberg, chairman and CEO of Chubb. "The executives who will be moving into new roles – Cunqiang Li, Kevin Goulding, Brad Bennett and Jeff Hager – each has strong technical and leadership expertise, as well as an internationalist's perspective earned from working and living in different countries and regions.

"We identified and brought Cunqiang Li to our joint venture with Huatai Life and have worked closely with him over the years. So, we are delighted to welcome him to this new and important role with Chubb Life. Kevin, Brad, Jeff and Chris have each made important contributions to the management and performance of their respective businesses, and we're pleased to give them the opportunity to bring their experience and energy to their new responsibilities."

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

US nat cat prices to increase 10% due to above average losses in 2017

Willis Towers Watson bolsters NA broking business with new roles

Q3 insured losses could be costliest in history

XL Catlin hires ocean marine insurance experts from CNA and Allianz

AmTrust expects up to $65 million cat losses in Q3

American Financial Group expects $105m nat cat losses

Don't miss our insurtech email newsletter - sign up today