Chubb has announced that it has appointed Carene Madden as financial lines manager for the UK, Ireland, and South Africa (UKISA).
As financial lines manager, Madden will be responsible for managing and developing the growth of Chubb’s financial lines business in its UKISA region. She will be based in London and will report to Chubb UKISA property and casualty chief underwriting officer Hilda Toh. Madden also succeeds Janet Edey, who has chosen to step down and is transitioning to her previous role as management liability manager for UKISA on a temporary basis. The appointment is effective in the second quarter of 2023.
Madden joins Chubb from AIG, where she served as UK financial institutions manager since 2019. She has over 25 years of experience in the insurance industry, primarily focused on financial lines. She returns to Chubb following an earlier 13-year spell in several roles in the UK and Ireland.
“I am delighted to welcome Carene back to Chubb,” said Toh. “Carene is an outstanding insurance practitioner who is highly regarded within the market and her depth of experience within financial lines means she will be able to develop further the growth of this important line of business and continue to build on the success we have seen under Janet's impressive leadership.”
In November, Chubb created the new role of head of financial lines for Chubb Global Markets (CGM), appointing Steve Driscoll. Driscoll was the former head of professional indemnity for CGM, where he led a team comprising its once separate US and non-US sides after the two groups merged in 2020.