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4-Traders Homepage  >  Equities  >  Nyse  >  Chubb Ltd    CB   CH0044328745

CHUBB LTD (CB)
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Chubb : Appoints Alexander Wells to Lead Commercial Insurance Operations in Northeast, Mid-Atlantic Regions

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07/17/2017 | 09:37pm CEST

Chubb Appoints Alexander Wells to Lead Commercial Insurance Operations in Northeast, Mid-Atlantic Regions

WHITEHOUSE STATION, N.J., July 17, 2017/PRNewswire / -- Chubb today announced the appointment of Alexander Wellsas Regional Manager for the Northeast and Mid-Atlantic Regions of the company's Commercial Insurance division in North America.

Reporting to C. Scott Gunter, Senior Vice President, Chubb Groupand Division President, North America Commercial Insurance, Mr. Wells will be responsible for executing the underwriting and sales strategies of this business unit, as well as staff management, production, profit and loss, and distribution management.

'Alex has been instrumental in the success and continued growth of Chubb's Specialty Casualty & Construction,' said Scott Gunter, Senior Vice President, Chubb Groupand Division President, North America Commercial Insurance. 'I'm confident that his deep knowledge and leadership skills will complement Chubb's strong underwriting team in the regions.'

Operations in these regions serve commercial customers in the middle market through independent agents and brokers across a network of nine branch and field offices.

Mr. Wells succeeds Jeffrey Updyke, who was recently named Chubb's Chief Operating Officer of North America Field Operations.

Mr. Wells has more than 25 years of experience working in the insurance industry. Prior to Mr. Wells most recent assignment as the North American manager of Chubb's Specialty Casualty & Construction Unit, he was the Chief Operating Officer of the ACE Westchester Specialty Casualty Division. He joined The Chubb Corporation in 1992 as an inland marine underwriting trainee, and has held several positions with increasing responsibility at several branches before joining ACE Limited in 2006, as the North American manager of Excess Casualty for the middle market and construction segments.

Mr. Wells earned a Bachelor's degree in Finance from American University.

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, Londonand other locations, and employs approximately 31,000 people worldwide. Additional information can be found at www.chubb.com.

SOURCE Chubb

For further information: Eric Samansky: (215) 640-4666: eric.samansky@chubb.com, Laurie Taylor: (908) 903-2611: ltaylor@chubb.com

Chubb Limited published this content on 17 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 July 2017 19:37:09 UTC.

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Financials ($)
Sales 2017 27 517 M
EBIT 2017 4 971 M
Net income 2017 4 498 M
Debt 2017 -
Yield 2017 1,94%
P/E ratio 2017 15,14
P/E ratio 2018 14,19
Capi. / Sales 2017 2,50x
Capi. / Sales 2018 2,41x
Capitalization 68 806 M
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Average target price 154 $
Spread / Average Target 4,4%
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Evan G. Greenberg Chairman, President & Chief Executive Officer
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Philip V. Bancroft Chief Financial Officer & Executive Vice President
Kevin L. Shearan Chief Information Officer & Executive VP
Michael G. Atieh Independent Director
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