WHITEHOUSE STATION, N.J., July 18, 2017 /PRNewswire/ -- Chubb has named Lee Farrow Executive Vice President and Life Sciences Industry Practice Leader for North America. In his new role, effective immediately, he will oversee the strategy, operations and underwriting of biotechnology, pharmaceutical, supplement, and medical device customers.
As Life Sciences Practice Leader, Mr. Farrow will continue to lead the full spectrum of areas that produce and support Chubb's Life Sciences business, including its specialty in insuring companies for their worldwide exposures and placing of local admitted clinical trial policies around the globe. He will report to Jim West, Executive Vice President, North America Industry Practice Leader.
"Lee has been instrumental in the development of Chubb's Life Sciences business, and has played an important role over the last 16 months in helping to integrate and leverage our broadened Life Sciences capabilities," said Mr. West. "He has the skills and expertise needed to lead the Practice and understands the unique risk management needs of our Life Sciences customers."
Mr. Farrow has more than 20 years of experience in the insurance industry and has held positions in claims, underwriting and house counsel. He has a Bachelor of Arts degree in Business Management from Hartwick College and his Juris Doctor degree from CUNY School of Law. Mr. Farrow is licensed to practice law in New York and New Jersey.
Stephen Harris, Senior Vice President, Chubb Life Sciences, will now have expanded responsibilities in overseeing Chubb's Major Accounts customer segment within the Life Sciences industry practice. In this expanded role, he will report jointly to Mr. Farrow and Matt Merna, Chief Operating Officer of Chubb's North America Major Accounts division.
Mr. Farrow succeeds Phil Fiscus who has been appointed to Deputy Industry Practices Manager. Mr. Fiscus also will report to Mr. West.
"After having established Life Sciences as one of Chubb's most successful Industry Practices, Phil will utilize his experience, creativity and focus to assist in the build-out of new Industry Practices, and to broaden and strengthen our value proposition for existing Industry Practices including Life Sciences," said Mr. West.
Mr. Fiscus has more than 36 years of insurance industry experience. He has a Bachelor of Arts degree in Political Science from California State University. He has received the Charter Property and Casualty Underwriting (CPCU) professional designation.
The Chubb Life Sciences Industry Practice is represented throughout Chubb's 48 North American branch offices, and has been a leader in offering state-of-the-art property and casualty insurance protection to life sciences companies for more than 25 years. To learn more, please click here.
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 www.chubb.com.
Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com/ca.