Chubb taps international P&C exec
Chubb taps international P&C exec | Insurance Business Canada
Insurance News
Chubb taps international P&C exec
Company vet will oversee P&C, professional lines and more
Insurance News
By
Ryan Smith
Chubb, the world’s largest publicly traded property-casualty insurance company, has announced the appointment of Mark Homan (pictured above) as division president, international property and casualty, for Overseas General Insurance, the company’s international general insurance operations.
Homan currently serves as chief operating officer for the division, and will step into his new role on June 1.
In his new role, Homan will be responsible for Chubb’s international commercial P&C business, including property, casualty, professional lines, energy and marine products, the company said.
Homan will report to Juan Luis Ortega, executive vice president of Chubb Group and president of Overseas General Insurance.
“Mark is an experienced underwriter with deep international experience,” Ortega said. “Over the past 12 years at Chubb, he has successfully led our casualty business, helping to drive growth that has positioned Chubb as a market leader in one of our largest international P&C businesses. Mark has consistently demonstrated a thoughtful and effective approach to managing and expanding our business, from casualty to other P&C lines.”
Homan has three decades of industry experience. Prior to serving as COO for the division, he served as executive vice president of international casualty. Prior to joining Chubb in 2011, Homan held management positions in both Europe and the US, including stints at Allianz, AIG and Wüba, where he served as a member of the board.
Homan succeeds Timothy O’Donnel in the role. O’Donnell is retiring from Chubb after 20 years of service.
“Tim has had great success at Chubb, most recently leading the substantial growth and consistently improving margins in our P&C division,” Ortega said.”During his tenure at Chubb, Tim has also led our international financial lines business as well as professional lines in North America. He has been a trusted partner and has played a key role in promoting and nurturing talent around the world. We congratulate Tim for a remarkable global insurance career and wish him all the best in this new stage of his life.”
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