Chubb shakes up leadership for global insurance markets

Insurance giant shakes up leadership for global insurance markets

Chubb shakes up leadership for global insurance markets

Insurance News

By Roxanne Libatique

Chubb Limited has announced several significant executive appointments.

Paul McNamee has been named executive vice president, Chubb Group, and president of overseas general insurance, effective immediately.

Chubb Group executive vice president and overseas general insurance president

McNamee brings nearly 30 years of industry experience to his new role. His previous positions at Chubb include regional president of Asia Pacific and president of North America property & specialty lines. He started with Chubb (ACE) in 1995 in Australia and has held various leadership roles in Hong Kong and London.

McNamee, who will operate out of New York, will manage Chubb’s general insurance business across 51 countries outside North America.

Previously serving as senior vice president, Chubb Group, and regional president of Asia Pacific, he will now report to Evan G. Greenberg (chairman and CEO) and John Keogh (president and COO).

McNamee steps into the role previously held by Juan Luis Ortega, who has transitioned to lead the North America insurance operations.

“It is a pleasure to appoint Paul to lead our international general insurance operations,” Greenberg said. “I have worked closely with Paul for many years and watched him grow into a great executive. He is a tremendous underwriter and business leader. Through his years of experience, he has acquired a great ability to manage a wide variety of commercial and consumer businesses across countries and cultures. He finds a way to win.”

“Paul is a proven insurance executive and a true internationalist,” Keogh said. “He has proven himself in multiple regions of the world, including Asia Pacific, Europe, and North America. This is an exceptional opportunity for Paul to now profitably grow our entire international general insurance franchise.”

Chubb head of Asia Pacific region

Marcos Gunn (pictured), the current senior vice president, Chubb Group, and regional president of Latin America, will succeed McNamee as the head of the Asia Pacific region, relocating from Miami to Singapore.

Gunn, who has been with Chubb since 2000, has over 25 years of experience in the insurance sector. His previous roles include president of the Northern Latin America Region and COO for Latin America. He earned his degree in Business Administration from the Catholic University of Buenos Aires.

“Marcos is an outstanding executive with a long track record of success with our company,” Greenberg said. “He is returning to Asia with deep knowledge and significant experience in the region. Marcos is one of the most creative and entrepreneurial insurance executives I know. He combines a deep knowledge of underwriting, marketing, and technology. I have such confidence in both Paul and Marcos.”

Chubb regional president of Latin America

Federico Spagnoli, currently division president of consumer lines, overseas general insurance, will take over leadership of the Latin America region from Gunn while maintaining his existing responsibilities.

Spagnoli, who joined Chubb in early 2024, has over two decades of experience in the insurance industry. His past leadership roles include positions at Fully Ecosystem, Prudential Financial, and AIG.

He holds a law degree from Universidad del Salvador, an MBA from Washington University in St. Louis, and a Postgraduate Diploma in Strategy and Innovation from the University of Oxford. He also holds the Chartered Property Casualty Underwriting (CPCU) designation.

Both Gunn and Spagnoli will report to McNamee.

“While new to the Chubb family, Federico has quickly established himself as a serious and driven executive, and I am sure he and our talented leadership team in Latin America will continue to distinguish themselves,” Greenberg said.

“I want to congratulate Marcos and Federico on their new assignments,” Keogh said. “Together, these executives represent our company’s deep bench strength, and I want to extend to all of them my best wishes for their continued success.”

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