Chubb has appointed Judy Gonsalves as Chubb Group vice president, division president of Bermuda.
Gonsalves will take responsibility for Chubb’s commercial P&C insurance business in Bermuda that writes high-limit excess liability, property, D&O, and political risk coverage worldwide, a release said. She will also lead all strategies involving the production, product development and management, and profit and loss performance of the regional operation.
Now with more than 25 years of industry experience, Gonsalves joined Chubb Bermuda (then known as ACE Bermuda) in 1992 as an assistant underwriter in the excess liability department. In 2004, she was appointed senior vice president, overseeing product line management for ACE Bermuda and ACE Bermuda International’s catastrophe excess liability portfolio. She was later promoted to executive vice president in April 2010.
Gonsalves succeeds Joseph Clabby, who will be named chairman of Chubb Bermuda. As chairman, Clabby will serve in an advisory role to Gonsalves and the Chubb Bermuda team. He will also join Chubb’s North America Field Management leadership team, “with a focus on product expansion, distribution and cross sell initiatives in Chubb regions and branches,” a company release noted. Clabby will be based in Whitehouse Station, NJ and will report to Chubb North American field operations division president Christopher Maleno.
At present, Gonsalves serves as executive vice president and chief underwriting officer of Chubb Bermuda. In this role, she worked with Clabby in leading the operation. She will remain in Bermuda and will report to Chubb Group vice chairman and North America major accounts and specialty insurance president John Lupica.
“As our company’s 42nd employee, Judy has made significant contributions throughout her tenure,” Lupica said in a statement. “Her extensive experience, proven track record and understanding of the Bermuda marketplace will provide real value to our efforts in highlighting the unique benefits and advantages of doing business with Chubb Bermuda.”