Global insurer Chubb has made a significant hire to enhance its European operations by appointing Lord Adair Turner as its new non-executive chairman.

Lord Turner is one of the most renowned names in the UK financial sector having been executive chairman of the UK’s Financial Services Authority (FSA) from 2008-2013. In addition, he worked in consultancy with McKinsey, advising British and European firms across a range of industries and was director general of the Confederation of British Industry from 1995-2000.

He will take his new role for two of Chubb’s operations – namely Chubb European Group Limited and Chubb Underwriting Agencies Limited, subject to regulatory approval. It will see him work closely with regional president for Europe Andrew Kendrick and sees him step into the shoes of John Napier who recently stepped down.

“Adair Turner’s exceptional background in business, government and supervision will be of great benefit to our Boards and our business as we continue to navigate the evolving market and regulatory landscape in Europe,” said Juan Andrade, executive vice president of Chubb Group and president, overseas general insurance.