Chubb shuffles North America finance leadership following key departure

Property/casualty insurer  Chubb has appointed a new treasurer, as well as chief financial officer (CFO) for North America insurance following the departure of Mark Hammond, who is leaving the company to join AssuredPartners.

Drew Spitzer (pictured left) has been appointed treasurer, responsible for all treasury-related functions of the company globally, with Kevin Harkin (pictured right) succeeding him in his current role as CFO for North America insurance.

Both appointments are effective March 1. Spitzer will report to Peter Enns, executive vice president, Chubb Group and CFO, and succeeds Hammond, who is leaving the company. Hammond will remain with Chubb until March 1 to ensure a smooth transition.

Harkin currently serves as senior vice president, North America financial operations. He will report to John Lupica, vice chairman, Chubb Group and president, North America insurance and to Enns.

"Drew, who has been with Chubb for more than 15 years, is a seasoned finance and accounting executive with deep experience across our commercial and consumer insurance businesses," said Enns."He's a strong, effective manager with a strategic mindset, technical proficiency and proven capabilities in financial planning and analysis and credit management. We are confident in appointing Drew to this new global role at Chubb."

Lupica added: " Chubb has deep bench strength, and we are delighted to elevate Kevin to lead the North America Insurance finance team. Kevin, who has also been with the company for 15 years, has broad experience in corporate finance and accounting, and has effectively overseen important financial transformation initiatives in the region."

Evan Greenberg, chairman and chief executive officer, said: "We want to thank Mark for his many contributions to Chubb over the past 12 years. We wish him the best in his future endeavours."

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.