In a Press release, Chubb noted that in his new role, Charters will be tasked with expanding Chubb's underwriting portfolio and creating innovative solutions to support Climate Tech companies in their efforts to mitigate the impact of climate change. His responsibilities will include supporting the efficient and sustainable use of resources, products, services, and technologies that support the transition to a low-carbon economy.
Charters previously served as a corporate finance advisor for the UK government's Department for Business, Energy, and Industrial Strategy (BEIS) since 2019. Prior to that, he held senior roles at BEIS focused on energy efficiency and innovation. He also worked in the energy sector, including for a renewables start-up.
Charters will be based in London and will report to Louise Joyce, head of industry practices, UK and Ireland, Chubb. His appointment is effective immediately.
Commenting on the appointment, Matt Hardy, leader of Chubb Climate+ for the company's general insurance operations in 51 countries and territories outside the U.S., Canada, and Bermuda, said: “Tim has years of experience working in the energy and renewables industry and brings with him new perspectives and insights that will help our Chubb Climate+ team drive the growth of our Climate Tech business in the UKI.”
Louise Joyce added: “I am so pleased to welcome Tim to Chubb. His background working as an advisor on energy and climate to the UK government, together with the insights gained from his direct involvement in the renewables and energy innovation sector, gives him a unique skillset in insurance that will only serve to benefit our Climate Tech Practice clients and broker partners.”
Chubb Climate+ was launched in January this year, offering a full range of insurance products and services to businesses involved in developing or employing new technologies and processes to support the transition to a low-carbon economy. It also provides risk management and resiliency services to help those managing the impact of climate change.