Chubb Appoints Seth Gillston Head of Global Casualty for North America Major Accounts
Rhea-AI Summary
Chubb has announced key leadership changes in its Global Casualty division for North America Major Accounts. Seth Gillston has been appointed as Executive Vice President and Head of Global Casualty for Major Accounts in North America, while Lou Capparelli will transition to the role of Chairman of Global Casualty.
Gillston, who joined Chubb in 2000 and brings nearly 30 years of insurance industry experience, will oversee the division's day-to-day operations, including domestic casualty insurance coverage for large national and multinational companies. His responsibilities encompass production strategies, product development, and profit and loss performance. Based in New York City, he will report to Matt Merna, Senior Vice President, Chubb Group and Division President, North America Major Accounts.
Capparelli, who has been with Chubb since 2002 and has led the Global Casualty business unit since 2017, will work alongside Gillston to enhance capabilities and service offerings, focusing on aligning global casualty strategies with distribution partners' and clients' needs.
Positive
- Strategic leadership appointment with 30 years of industry experience
- Retention of experienced executive Lou Capparelli in Chairman role
- Enhanced focus on service capabilities and product development
Negative
- None.
News Market Reaction
On the day this news was published, CB declined 0.62%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Lou Capparelli to serve as Chairman of Global Casualty
In addition, he will lead all strategies around production, product development and management, and profit and loss performance. Seth will be based in
"Seth's extensive experience and deep understanding of our clients' needs will be invaluable as he drives the strategic direction of the Global Casualty business," said Merna. "Together, Seth and Lou will work closely to enhance our capabilities and service offerings, aligning our global casualty strategies with the needs of our distribution partners and clients, further strengthening our position as a leading provider of casualty solutions."
Gillston has nearly 30 years of insurance industry experience. He joined Chubb in 2000 and has held leadership roles in M&A and Private Equity, Global Casualty, Real Estate & Hospitality Practice, Alternative Risk Solutions group and North America Industry Practices.
Capparelli joined Chubb in 2002 and has led the Global Casualty business unit since 2017. Previously, he served as Executive Vice President of Chubb's Global Casualty Field Operations.
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 40,000 people worldwide. Additional information can be found at: www.chubb.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/chubb-appoints-seth-gillston-head-of-global-casualty-for-north-america-major-accounts-302367464.html
SOURCE Chubb
FAQ
Who is the new Head of Global Casualty for Chubb's North America Major Accounts?
What is Seth Gillston's role and responsibilities at Chubb (CB)?
What is Lou Capparelli's new position at Chubb (CB)?
How long has Seth Gillston been with Chubb (CB)?
