Chubb Tempest Re Announces Key Leadership Changes
Rhea-AI Summary
Chubb (NYSE: CB) announced leadership changes at its global reinsurance business, Chubb Tempest Re, effective August 1, 2026. James Wixtead, currently Senior Vice President, Chubb Group and President, Chubb Tempest Re Group, will become Executive Chairman, focusing on governance oversight and strategic advice for Chubb global reinsurance.
Michael O'Donnell, now Division President, Chubb Tempest Re USA, will be promoted to Senior Vice President, Chubb Group and President, Chubb Tempest Re, assuming day-to-day executive management responsibility for the business, including top and bottom line. O'Donnell will report to Chairman and CEO Evan G. Greenberg and President and COO John Keogh, Chubb Group.
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On the day this news was published, CB gained 0.11%, reflecting a mild positive market reaction.
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James Wixtead Appointed Executive Chairman; Michael O'Donnell Named President
As Executive Chairman, Wixtead will provide governance oversight and advise on strategy for Chubb global reinsurance. As President, O'Donnell has day-to-day executive management responsibility for Chubb Tempest Re, both top and bottom line.
Chubb Tempest Re provides a broad range of traditional and specialty reinsurance products to a diverse array of primary property and casualty insurance companies. O'Donnell will report to Evan G. Greenberg, Chubb Chairman and Chief Executive Officer, and John Keogh, President and Chief Operating Officer, Chubb Group.
"For over three decades in this industry, Jim has earned the confidence of clients and brokers around the world and instilled the underwriting discipline that defines how we operate," said Greenberg. "I want to thank him for his years of contribution."
Greenberg added, "Michael is an exceptional underwriter who has led our
Wixtead brings nearly 40 years of insurance industry experience to the role. Prior to ACE's acquisition of Chubb in January 2016, he was President, ACE Tempest Re Group, and he was appointed Senior Vice President, ACE Group, in July 2014. From 2005 to 2014, he served as Division President of ACE Tempest Re
O'Donnell has served as Division President, Chubb Tempest Re
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.
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SOURCE Chubb