Chubb has announced the creation of a new energy team in Chubb Global Markets (CGM) that will underwrite and serve as a center of excellence for all large corporate energy customers in EMEA, Asia-Pacific, and Latin America. CGM comprises Chubb’s London market wholesale and specialty business, including Chubb’s Lloyd’s platform.
Middle market energy customers’ risks will still be underwritten and serviced locally, Chubb said.
The new team will be based in London and led by Andrew Brown, the newly appointed head of energy for CGM. Brown has more than 15 years of experience, most recently as chief underwriting officer for global energy at Chubb Overseas General (COG). He joined Chubb 14 years ago and has held positions across upstream and downstream energy at CGM.
Brown will be joined by the following product leads:
Melanie Markwick-Day, head of upstream energy. Markwick-Day will be responsible for managing and developing the upstream portfolio. She previously served as upstream energy senior underwriter at COG.
Adam Groves, head of downstream energy. Groves will oversee the management and development of the downstream energy portfolio. He previously served as regional head of energy for Chubb in MENA.
Riaz Thanduparakkal, head of multinational and network. Thanduparakkal will be responsible for managing the multinational portfolio and network. Thanduparakkal formerly served as energy product head for CGM.
Matthew Bilbey, chief underwriting officer. Bilbey previously served as regional head of energy for Chubb in the Asia Pacific region.
“I’m delighted that under the leadership of Andrew, Melanie, Adam, Riaz and Matthew we have a very experienced team in place, and by concentrating our resources we are creating an entrepreneurial underwriting environment that will bring new and innovative solutions to our clients not only within the London market, but further afield across EMEA, Latin America and Asia Pacific,” said Jason Keen, president of Chubb Global Markets and executive vice president for Europe.
“These structural changes will enhance the value proposition across our global energy operation and help us to deliver more focused solutions for our clients and distribution partners,” said Matthew Hardy, global head of energy and executive vice president of COG. “Crafting two distinct operating models with dedicated underwriting, engineering, and claims teams will enable us to create an effective offering for brokers and clients so we can respond to their needs even more quickly and capitalize on our global insights across both segments. Our regional offices will provide local expertise along with focused underwriting for our clients. These changes also further demonstrate the breadth of technical understanding we have within Chubb Global Energy.”