Chubb reveals new global underwriting boss following retirement

Property/casualty insurer Chubb has named Ross Bertossi as vice president of global underwriting, succeeding Jacques Bonneau who is set to retire from the company at the end of 2017.

Bonneau has announced his retirement after nearly four decades in the re/insurance and reinsurance industry. In the interim, he will work closely with Bertossi to ensure a smooth transition of responsibilities.

Bonneau joined ACE in 1999 as division president, ACE Tempest Re USA, the company's US-based reinsurance business. He was named president of ACE Tempest Re Group in 2005.

He assumed his current responsibilities as executive vice president, global underwriting in 2014. Prior to joining ACE, he was chief underwriting officer and member of the board of directors at Chartwell Re Corporation. He began his career in 1978 at General Reinsurance.

Bertossi joined ACE in 2002 as executive vice president, ACE Medical Risk and later assumed the role of executive vice president, ACE Casualty Risk. Since ACE's acquisition of Chubb in 2016, Bertossi has served as executive vice president of excess casualty, North America insurance with responsibility for Chubb's umbrella and excess casualty product lines serving large commercial customers in the United States and Canada. Before joining ACE, Bertossi was a senior vice president at CNA HealthPro.

In his new position, Bertossi will have responsibility for advancing underwriting excellence across the company, including general underwriting policy and underwriting management best practices. He will also have oversight of Chubb's global product boards and portfolio management process.

Bertossi will report to John Keogh, executive vice chairman and chief operating officer.

"The craft of underwriting is a hallmark of the Chubb brand," Keogh said. "Throughout his tenure with ACE and Chubb, Ross has demonstrated underwriting excellence in his business and contributed to our underwriting portfolio management efforts. His continued contributions to Chubb will be important to our future underwriting performance."

Evan Greenberg, chairman and chief executive officer, added: "For over 15 years Jacques led the company's reinsurance business with underwriting discipline and distinction and, more recently, under his leadership, Chubb developed increasingly sophisticated underwriting processes, methods and insights to improve our core risk-taking business.

"Jacques has been a trusted partner and a respected leader in our industry. On behalf of the entire management team, I would like to thank him for his many years of service and countless contributions. We wish him the very best during his retirement."

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