Chubb taps industry veteran to lead flood insurance practice

Chubb taps industry veteran to lead flood insurance practice | Insurance Business

Chubb taps industry veteran to lead flood insurance practice

Chubb has announced that it has appointed Louis Hobson as senior vice president of flood insurance for its North America operations. In his new role, Hobson will head up efforts to broaden the delivery of Chubb’s flood coverage offerings throughout North America. He will also be responsible for underwriting, strategy and product development, and share profit and loss performance responsibilities with business leaders of Chubb’s personal and commercial lines.

“Chubb recognizes that extreme weather events are increasing in both frequency and severity, which is why we have deployed a flood center of excellence focused on providing greater flood protection to our personal and commercial clients,” said Derek Talbott, division president of Chubb’s North America property and specialty lines. “Our flood practice is designed to meet the needs of those businesses and consumers who are currently underserved by existing public offerings available in the marketplace. The benefits of private flood insurance include more comprehensive coverage and higher limits than what is currently available.”

Prior to joining Chubb, Hobson served in a variety of leadership positions, including as CEO of National Flood Services, one of the largest US providers of tech-enabled risk and business process services in flood insurance. He has also served as executive vice president of Aon National Flood Services and principal at the Boston Consulting Group.

“Chubb’s flood center of excellence, with Louis at the helm, underscores Chubb’s commitment to providing better access to comprehensive flood insurance, enabling us to more effectively address the needs of our customers,” Talbot said. “Louis’s background and extensive experience in this area serves as a strong complement to our industry-leading underwriting, servicing, and claims-handling capabilities.”

“Flooding is the most common and costly natural disaster, and everyone is susceptible to flooding,” Hobson said. “Better education about the associated risks and the need to have the right protection in place is paramount. There is an enormous opportunity to increase the adoption of flood insurance, and I will focus on working with our broker and agent partners to increase overall awareness about this type of exposure and the Chubb solutions available to help their clients and ensure the right protections are in place.”