LONDON, Feb. 5, 2016 /PRNewswire/ -- Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced today the appointment of the leaders of its marine team, with immediate effect.
Mark Edmondson, formerly Head of Marine for legacy Chubb Syndicate 1882, has been appointed as Head of Marine for Chubb Global Markets and will be responsible for the performance and development of CGM's marine portfolio. Mark has 30 years of marine insurance experience. He was part of the team that launched legacy Chubb's Lloyd's platform in 2010 and was appointed Marine Class Underwriter of Syndicate 1882 in 2013, leading a team of cargo, hull, and marine liability underwriters. In his new role he will continue to be based in London, reporting to Matthew Shaw Division President, Chubb Global Markets and Andrew Williamson, Executive Vice President, Marine for Overseas General Insurance.
Mike Reynolds, formerly Product Head for Hull and Liability for legacy ACE Global Markets, has been appointed to new role of Deputy Head of Marine for Chubb Global Markets, reporting to Mark. Mike has thirty years of marine underwriting experience in the London market. He joined legacy ACE in 2001, and since then he has held a series of marine underwriting roles. In 2010 he was appointed as product head, marine hull for legacy ACE Global Markets. He will continue to be based in London.
Matthew Shaw, Division President, Chubb Global Markets, said:
"We are very fortunate at Chubb Global Markets to have such a talented and experienced marine and specie team that truly brings together the combined strength of ACE and Chubb. Mark and Mike, with their depth of specialist expertise and strong underwriting backgrounds are very well placed to lead our team as we continue to expand our capabilities and meet changing customer needs in what is a highly competitive segment. I look forward to working with them and wish them all the best in their new roles."
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, 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 distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise 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 maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide. Additional information can be found at: new.chubb.com.