Chubb Names Michael Kessler Global Head of Company's Cyber Risk Insurance Business
January 13, 2021 at 02:35 am IST
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Chubb Limited announced that Michael Kessler has been appointed Division President of the company's global cyber risk insurance business. Currently Vice President, Chubb Group and Chief Reinsurance Officer, Mr. Kessler in his new role will oversee all facets of the business including strategy, product and business development, underwriting and service operations, and overall profit and loss performance, which will continue to report into the company's North America and international cyber risk divisions. Mr. Kessler will report to Paul Krump, Vice Chairman, Chubb Group, Global Underwriting and Claims to ensure global consistency of product design, enterprise risk management and risk tolerance, underwriting tools and loss mitigation services and protocols. The appointment is effective immediately. William Wise, Senior Vice President of Chubb's North America Professional Liability and Cyber practice, will report jointly to Mr. Kessler and Steven Goldman, Division President, Financial Lines, North America Insurance. Kyle Bryant, Senior Vice President, Cyber Product Manager and Technology Practice Lead for Chubb's international general insurance business, will report jointly to Mr. Kessler and Tim Stapleton, Executive Vice President, Financial Lines, Overseas General Insurance. Mr. Kessler has nearly 30 years of experience in insurance and actuarial consulting. In 2016 he was named Vice President, Chubb Group, a title he continues to hold, and Chief Reinsurance Officer. Previously, he served as Chief Actuary for the company's international general insurance business, a position he held from 2008. Mr. Kessler joined the company, then named ACE, in 2003 as Senior Vice President and Chief Actuary for Westchester, the company's U.S. commercial property and casualty excess and surplus lines business. For the previous decade, he held senior manager and consulting actuary positions at Ernst & Young LLP and PricewaterhouseCoopers LLP. Mr. Kessler holds a Bachelor of Arts degree in Mathematics from Cornell University. He is a Member of the American Academy of Actuaries and a Fellow of the Casualty Actuarial Society.
Chubb Limited is a Switzerland-based holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance. It offers commercial insurance products and service offerings, such as risk management programs, loss control, and engineering and complex claims management. It provides specialized insurance products to areas, such as aviation and energy. It also offers personal lines insurance coverage, including homeowners, automobile, valuables, umbrella liability and recreational marine products. In addition, it supplies personal accident, supplemental health and life insurance to individuals in select countries.