Chubb Announces New ESIS Inc. Division President

Chubb (NYSE:CB) named Brent MacLean as Division President of ESIS Inc., effective February 24, 2026.

Rhea-AI Summary

Chubb (NYSE:CB) named Brent MacLean as Division President of ESIS Inc., effective February 24, 2026. MacLean will oversee ESIS profit and loss, product development, customer service, relationship management and sales, reporting to Matt Merna, Senior Vice President and Division President, North America Major Accounts.

He succeeds Jim Shevlin, who is retiring after 24 years with Chubb; MacLean brings more than 20 years of workers' compensation experience and prior CEO experience at CompIQ Solutions.

Positive

• Immediate leadership appointment effective February 24, 2026
• Brent MacLean brings >20 years of industry experience
• Reports to Matt Merna supporting leadership continuity at ESIS

Negative

• President transition as Jim Shevlin retires after 24 years

Argus Feb 24 session

+1.04% close to close Open Argus

Details

News Market Reaction – CB

On Feb 24, the day this news came out, CB closed 1.04% above the previous close.

Data tracked by StockTitan Argus for the Feb 24 session.

Key Figures

Retiring executive tenure: 24 years Incoming leader experience: more than 20 years

Retiring executive tenure

24 years

Jim Shevlin’s leadership and service at Chubb

Incoming leader experience

more than 20 years

Brent MacLean’s experience in workers' compensation and leadership roles

Historical Context

5 past events · Latest: Feb 19

5 events

1. Feb 19

   Actuary leadership change

   24h Move

   -0.5%

   Global chief actuary transition with retirement of long-tenured predecessor.

2. Feb 03

   Earnings results

   24h Move

   +0.7%

   Record quarterly and full-year income with strong premiums and low combined ratios.

3. Jan 16

   Ratings affirmation

   24h Move

   +0.1%

   AM Best affirmed top-tier ratings citing strongest balance sheet and performance.

4. Jan 08

   Earnings call notice

   24h Move

   +2.1%

   Scheduling and access details for upcoming fourth quarter earnings call.

5. Jan 05

   Brand launch

   24h Move

   +1.6%

   Introduction of Chubb Benefits brand aligning supplemental and workplace offerings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

third-party administrator, workers' compensation

2 terms

third-party administrator financial

"ESIS Inc., a leading third-party administrator and wholly-owned subsidiary of Chubb."

An independent firm hired to handle the day-to-day administration of employee benefit plans, insurance claims, or retirement accounts on behalf of another company or insurer. Like a property manager who takes care of tenants and maintenance, a third-party administrator processes claims, manages paperwork and compliance, and controls how smoothly benefits operate—factors that can affect a company’s costs, regulatory risk and financial predictability for investors.

workers' compensation financial

"Brent has held multiple leadership positions specializing in workers' compensation and brings"

Workers' compensation is a legally required insurance system that pays employees for medical care, lost wages, disability, or death benefits when they are hurt or become ill because of their job. For investors it matters because the cost of claims, insurance premiums, and legal exposure act like an ongoing expense or safety net for a company—large or rising costs can reduce profits, increase liabilities, and signal operational or safety problems that affect long-term value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Brent MacLean Named Incoming President; Jim Shevlin to Retire

WHITEHOUSE STATION, N.J., Feb. 24, 2026 /PRNewswire/ -- Chubb today announced that Brent MacLean has been named Division President of ESIS Inc., a leading third-party administrator and wholly-owned subsidiary of Chubb. The appointment is effective immediately.

In this role, Brent will be responsible for ESIS' profit and loss performance and advancing product development, customer service, relationship management and sales strategies for the division. He will report to Matt Merna, Senior Vice President, Chubb Group and Division President, North America Major Accounts.

He succeeds Jim Shevlin, who is retiring after 24 years of dedicated leadership and service at Chubb.

Brent has held multiple leadership positions specializing in workers' compensation and brings more than 20 years of experience to his new role. Prior to joining ESIS, he served as Chief Executive Officer of CompIQ Solutions, where he successfully led the organization through a period of growth and innovation.

"Brent's extensive experience in the insurance industry will be instrumental in advancing ESIS' growth." said Matt Merna. "I am confident that his vision and strategic direction will allow us to continue delivering exceptional service and results, while ensuring we have the right strategies and tools in place to support our clients in reducing their total cost of risk."

Matt added, "On behalf of Chubb and ESIS, I also want to thank Jim for his dedication and contributions over the last two decades. His leadership has had a lasting impact on our organization, both during his time as Regional Executive Officer of Chubb's Southeast region and in his most recent role as president of ESIS. We wish him all the best during his retirement."

About ESIS, a Chubb Company
ESIS, Inc. provides claim and risk management services to a wide variety of commercial clients. Our innovative best-in-class approach to program design, integration, and achievement of results aligns with the needs and expectations of our clients' unique risk management needs. With more than 70 years of experience and offerings in both the U.S. and globally, ESIS provides one of the industry's broadest selections of risk management solutions covering both pre- and post-loss services.

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 45,000 people worldwide. Additional information can be found at: www.chubb.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/chubb-announces-new-esis-inc-division-president-302695088.html

SOURCE Chubb

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Brent MacLean and what role did Chubb (CB) name him to on Feb 24, 2026?

Brent MacLean was named Division President of ESIS Inc., effective February 24, 2026. According to Chubb, he will lead P&L, product development, customer service, relationship management and sales for ESIS and report to Matt Merna.

What experience does Brent MacLean bring to his role at ESIS (Chubb, CB)?

MacLean brings more than 20 years of experience, including workers' compensation leadership and a prior CEO role. According to Chubb, his background includes leading CompIQ Solutions through growth and innovation.

Who is Brent MacLean reporting to after his appointment at Chubb's ESIS (CB)?

He reports to Matt Merna, Senior Vice President and Division President, North America Major Accounts. According to Chubb, this reporting line aims to align ESIS strategy with Chubb's North America major accounts leadership.

What will Brent MacLean be responsible for as ESIS Division President at Chubb (CB)?

He will be responsible for ESIS profit and loss, product development, customer service, relationship management and sales. According to Chubb, these duties are intended to advance ESIS growth and client risk-reduction strategies.

What happened to Jim Shevlin and how does it affect ESIS leadership at Chubb (CB)?

Jim Shevlin is retiring after 24 years with Chubb, creating the succession that appointed Brent MacLean. According to Chubb, Shevlin's retirement ends his recent role as president of ESIS and prior regional leadership.