Chubb promotes Steve Parry to the role of Director of Claims, Europe and Eurasia & Africa

In his new role, Steve will have overall responsibility for strategy and delivery of the company's claims service in these two regions. He brings over 30 years of insurance industry experience, of which the last ten have been with Chubb in positions of increasing responsibility. Before assuming his current position in January 2016, he served as Head of UK and Ireland Claims from 2012 to 2016. Steve joined the company in 2006 as Head of Property, Energy and Technical Lines Claims for Europe, and previously held a range of claims management positions at AIG Europe.

Steve will continue to be based in London and will report to Jalil Rehman, Chief Business Operations Officer and Executive Vice President Europe, with a matrix reporting line to Andrew McBride, Executive Vice President of Claims for Overseas General Insurance.

Steve succeeds Peter Murray who, after a distinguished 40-year career in the insurance industry, will retire this year. Peter joined the company in 1999 as Claims Director of ACE Global Markets. In 2001, he was promoted to his current role, which he has held ever since. Earlier in his career, he spent 22 years at Lloyd's Claims Office, in a number of claims technical and management roles. During his career at Chubb and at Lloyd's, Peter has played an active role in a number of Lloyd's market committees and London claims reform initiatives.

Peter will work closely with Steve and Andrew over the coming months to ensure a smooth handover. Steve's appointment remains subject to the regulatory approval.

Andrew Kendrick, Regional President, Europe at Chubb, said:

"Steve's breadth and depth of experience and his proven leadership of the claims function in our biggest European market position him perfectly for this important role as we continue to build a market-leading claims proposition to support the future needs of our clients and partners."

"Over the past two decades, Peter has been a trusted, dependable and astute partner to me, to our boards and executive team, and to the whole company. He leaves with my sincere thanks for an outstanding contribution to the organisation and very best wishes for his retirement."

Andrew McBride, Executive Vice President of Claims, Overseas General Insurance at Chubb, said:

"Steve brings impressive technical and market experience and a deep commitment to delivering a superior and market-leading claims service. I look forward to working with him in his new role. I would also like to take the opportunity to thank Peter for his outstanding contribution, not only to Chubb but also to the wider industry. He has provided his valued leadership and direction to a range of major loss events and transformational market changes over many years."

About Chubb

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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also 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 maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com/uk

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