Chubb Announces Key Leadership Appointments in Surety's Global and North America Businesses

Rhea-AI Summary

Chubb Limited (NYSE: CB) has announced significant leadership changes in its Surety business. Steve Haney has been promoted to President and Chief Underwriting Officer of Global Surety, while Teresa Black will succeed him as Division President of North America Surety.

Haney, with nearly 30 years of underwriting experience, will oversee strategy, underwriting, and P&L across Chubb's Global Surety business, reporting to Juan Luis Ortega and Paul McNamee. Black, bringing 28 years of industry experience, will have executive oversight and P&L responsibility in North America, reporting to Steve Haney and Scott Meyer.

Steve Haney promoted to President and Chief Underwriting Officer, Global Surety

Teresa Black promoted to succeed Haney as Division President, North America Surety

ZURICH, Aug. 11, 2025 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that Steve Haney, Vice President, Chubb Group and currently Division President of North America Surety and Chief Underwriting Officer of Global Surety, has been promoted to President and Chief Underwriting Officer (CUO) of Global Surety. Steve will be succeeded by Teresa Black, Executive Vice President and Chief Operating Officer of North America Surety, who has been promoted to Division President of North America Surety. Both appointments are effective immediately.

In this new role, Steve will have executive operating responsibilities for strategy, underwriting, and Profit and Loss (P&L) across Chubb's Global Surety business. He will report to Juan Luis Ortega, Executive Vice President, Chubb Group and President of North America Insurance, and Paul McNamee, Executive Vice President, Chubb Group and President of Overseas General Insurance.

"Steve's depth of experience in global surety sets him apart as a driving force in the industry, making him uniquely qualified to shape our strategy and deliver exceptional value to clients," said Ortega.

McNamee added, "With Steve's strategic insight and proven ability to implement innovative solutions, he is well-equipped to lead continued growth and strengthen our global surety capabilities." 

Teresa's new role will have executive oversight and P&L responsibility in North America. She will report to both Steve Haney and Scott Meyer, Senior Vice President, Chubb Group and Chief Operating Officer (COO) of North America Insurance.

"With Teresa's exceptional and diverse underwriting expertise, over a decade of proven leadership including serving as Chief Operating Officer in our Surety business, and her distinguished career in multiple facets of this business including financial lines and regional operations, she embodies the qualities needed to drive continued success for us and our clients," said Meyer.

Steve has nearly 30 years of underwriting experience and previously served as Executive Vice President for ACE's Surety business worldwide (now Chubb). Steve joined the company in 1997 as a surety underwriter and has served in positions of increasing responsibility in underwriting and product development.

Teresa has 28 years of insurance industry experience and most recently held the role of COO, North America Surety. She has over two decades of experience with Chubb, and previously served as Senior Vice President of Distribution Management, Vice President and National Segment Leader for New York, and Assistant Vice President of Chubb's Financial Lines business.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.

Media Contact
mediarelations@chubb.com

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SOURCE Chubb

FAQ

Who is the new President and Chief Underwriting Officer of Global Surety at Chubb (NYSE:CB)?

Steve Haney has been promoted to President and Chief Underwriting Officer of Global Surety at Chubb, bringing nearly 30 years of underwriting experience to the role.

Who will succeed Steve Haney as Division President of North America Surety at Chubb?

Teresa Black, previously Executive Vice President and Chief Operating Officer of North America Surety, has been promoted to Division President of North America Surety.

What experience does Teresa Black bring to her new role at Chubb?

Teresa Black brings 28 years of insurance industry experience, including roles as COO of North America Surety, SVP of Distribution Management, and VP National Segment Leader for New York.

Who will Steve Haney report to in his new position at Chubb?

Steve Haney will report to Juan Luis Ortega, Executive Vice President, Chubb Group and President of North America Insurance, and Paul McNamee, Executive Vice President, Chubb Group and President of Overseas General Insurance.