NEW YORK, June 12, 2018 /PRNewswire/ -- Chubb announced today that Steven F. Goldman has been named Executive Vice President, Financial Lines for Overseas General Insurance, the company's international general insurance business in 51 countries.
In his new role, Mr. Goldman will have responsibility for Chubb's international financial lines division including directors and officers liability, financial institutions, errors and omissions, transactional risk and cyber risk businesses. The appointment is effective July 1. Mr. Goldman will be based in New York and report to Timothy O'Donnell, who yesterday was named Vice President, Chubb Group and Division President, Commercial Property & Casualty, Overseas General Insurance.
Mr. Goldman is currently Executive Vice President of Chubb's Financial Lines division in the U.S. where he leads the Retail Financial Institutions segment. He also leads Chubb's Transactional Risk business, a division he helped create and has led since its inception.
"Steve is a highly experienced financial lines executive," said Mr. O'Donnell. "He has excellent technical underwriting and leadership skills and I am very much looking forward to working with him as we grow Chubb's international financial lines presence and capability."
"Chubb has earned a reputation as a leader in financial lines underwriting globally with a deep pool of talented executives across the world," said Juan Andrade, Executive Vice President, Chubb Group and President, Overseas General Insurance. "I am pleased to welcome Steve to Chubb's Overseas General team and look forward to the impact he will have on our business."
Mr. Goldman has close to two decades of underwriting and risk management experience and is a lawyer with a graduate degree in taxation.
Succeeding Mr. Goldman is Michael Mollica, who has been named Executive Vice President of Financial Lines, North America. Mr. Mollica has more than 20 years of industry experience. He will be based in New York and report to Scott Meyer, Division President, Financial Lines, North America.
"Michael's strong background and understanding in this space, coupled with his extensive leadership experience, makes him an ideal fit for this role," said Mr. Meyer. "I look forward to working with him, and I am confident his deep understanding of our clients' needs will help ensure the future growth of this practice."
Chubb is the world's largest publicly traded property and casualty insurance company. 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. 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.