Chubb introduces new chief risk officer

Chubb Limited has announced that Frances O’Brien (pictured above left) has been appointed executive vice president of Chubb Group and chief risk officer.

O’Brien previously served as senior vice president of Chubb Group and deputy chief risk officer, a position she had held since 2002. In her new role, she will have executive responsibility for the group’s enterprise risk management organisation. O’Brien succeeds Sean Ringsted (pictured above right) as chief risk officer.

“Fran is a seasoned executive with extensive underwriting, risk, actuarial and management experience,” said Evan G. Greenberg, chairman and CEO of Chubb. “She has a long track record of success, and I have every confidence in her ability to lead this important aspect of our company. Managing our own risk exposures well are foundational for a company in the risk business.”

RIngsted will continue to serve as executive vice president of Chubb Group and chief digital business officer, leading the expansion of Chubb’s digital business unit globally. He will remain a member of the company’s Risk Underwriting Committee, Chubb said.

“This change in executive leadership responsibilities recognises the significant opportunity we have to harness our resources and deploy cutting-edge technologies, including machine learning, artificial intelligence and large-scale data, to deliver business value and strategic advantages to Chubb’s businesses,” Greenberg said. “Under Sean’s leadership we will also continue to expand Chubb’s digital product and service offerings.”