Global Indemnity poaches CEO of insurance from Chubb

Global Indemnity Group has named a new chief executive officer for its insurance operations, bringing to an end a search process its board has been engaged with since January.

David Charlton takes up his new position overseeing Global Indemnity’s insurance businesses, and takes a seat on its board of directors.

Global Indemnity is the parent company of specialty property and casualty (P&C) insurance providers Penn-America Group, United National Group, Diamond State Group, American Reliable Insurance Company and Collectibles Insurance Services.

Charlton has 34 years of experience in the property and casualty (P&C) insurance industry who has particular expertise in excess and surplus, binding authority, small business, and other specialty insurance businesses. In his new role he reports to Global Indemnity’s board of directors via its chairman.

Before joining Global Indemnity Charlton served for seven years at Chubb, where he was responsible for expanding its Westchester Specialty excess and surplus small business division.

Before that he served at Berkshire Hathaway’s United States Liability Insurance Company (USLI), including as executive vice president and chief underwriting officer. In his 20 years at USLI, the insurer posted a combined ratio of 90 percent.

Charlton began his insurance career at Philadelphia Consolidated Insurance Companies, where he created and managed the company’s professional lines casualty division. He is also a former chairman of the Mid-Atlantic Professional Liability Underwriting Society.

Saul Fox, Global Indemnity’s chairman, praised Charlton’s “exemplary track record of substantially enhancing growth, profitability, specialty product development, digital and third-party data strategies, and unique channels of distribution on behalf of leading US and international insurance carriers.”

Charlton added: “I look forward to expanding our product offerings and services to small businesses while continuing to deliver exceptional service to our agents, partners and policyholders.”

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