Chubb has announced the appointment of Alex Faynberg as division president for Chubb Workplace Benefits (CWB). In his new role, Faynberg (pictured above) will be responsible for the growth and profitability of the division. He will report to Richard J. Williams, president of Combined Insurance, a Chubb company.
CWB has been one of the nation’s fastest-growing voluntary benefits worksite carriers for the past several years. It provides a portfolio of products and services designed for mid-to-large-sized businesses and the brokers who serve them. CWB products are underwritten and administered by Combined Insurance.
Faynberg has more than two decades of industry experience. Prior to taking his new role, he served as senior vice president and chief actuary for both Chubb’s North America accident and health business and Combined Insurance. An actuary by training, Faynberg is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
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“Alex is a trusted executive and has an exceptional track record of success and a resolute commitment to our clients and customers,” Williams said. “His comprehensive expertise and forward-thinking leadership are ideal for this role as we accelerate our business strategies to deliver employee benefits solutions and support that meets the needs of a dynamic and growing market.”
“This is an exciting time to lead Chubb Workplace Benefits, as we sharpen our ability to offer clients and partners a competitive advantage through our broad range of products, resources, and support,” Faynberg said. “With our organization’s proud history in providing insurance solutions, a growing, industry-leading team, and a steadfast culture of service, we are well-positioned for an outstanding future.”