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.”
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