Chubb Announces Changes to its Regional Presidents in Asia Pacific and Latin America; New Division President Named for Company's International Accident & Health Business

ZURICH, June 30, 2016 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced several senior management appointments in the company's Overseas General Insurance operations, including new regional presidents for its Asia Pacific and Latin America regions and a new division president for its international Accident & Health (A&H) insurance business.  The appointments are effective this fall.

Jorge Luis Cazar has been named Division President of the company's International A&H business.  Currently Senior Vice President of Chubb Group and Regional President of Latin America, Mr. Cazar will be responsible for the company's international personal accident, supplemental health and travel insurance business in 51 countries outside of North America.  He succeeds Edward Levin, who was named in a separate announcement as Digital Business Officer, a newly created corporate role for Chubb globally.

Juan Luis Ortega has been named Regional President, Latin America.  Currently Senior Vice President of Chubb Group and Regional President of Asia Pacific, Mr. Ortega will have overall responsibility for the general management and business results for all operations in the region, which includes Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Puerto Rico, Central America and the Caribbean. 

Paul McNamee has been named Regional President, Asia Pacific.  Currently Deputy Regional President and Executive Vice President, Commercial Property & Casualty, Asia Pacific, Mr. McNamee will have overall responsibility for the general management and business results for all operations in the region, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.

All three executives will report to Juan C. Andrade, Executive Vice President, Chubb Group, and President, Overseas General Insurance.  In addition, Mr. Cazar will also report to Edward Clancy, Executive Vice President, Chubb Group, Global Accident & Health and Life.

"It is a great pleasure to announce these leadership appointments for our international operations," said Mr. Andrade.  "These three executives are proven insurance professionals, each with a long track record of accomplishment across multiple regions of the world.  For Jorge, who has done an outstanding job of profitably growing Latin America over the past 10 years, this is an exceptional opportunity to profitably grow our entire international A&H franchise.  Prior to his role as the Regional President for Latin America, Jorge had successfully led the company's accident and health businesses in Latin America and Asia.  For Juan Luis, who is returning to Latin America after six successful years in Asia culminating in leading our fastest-growing region, this appointment is an acknowledgement of his exceptional business and leadership skills.   For Paul, who has been serving as Deputy President for Asia Pacific and is a proven commercial P&C executive and internationalist with extensive experience in Asia, Europe and the United States, the opportunity to now run our diversified Asia Pacific region represents the next major step in a very successful career.  I have great confidence in each of these executives – they represent the kind of insurance leadership that exemplifies the new Chubb and its corporate values."

Executive Biographies

Jorge Luis Cazar has more than 25 years of insurance industry experience. He was appointed Regional President of ACE's Latin America operations in 2006, a position he retained after ACE's acquisition of Chubb in January of this year. Previously, Mr. Cazar served as Senior Vice President, A&H, for the company's Asia Pacific region; Regional Vice President, A&H, in Latin America; and Country President for ACE in Argentina and Chile. Before joining ACE in 2001, Mr. Cazar held positions of increasing responsibility with CIGNA International, a global property and casualty company that ACE purchased in 1999. He began his career at Bolivar Insurance Company in Ecuador. Mr. Cazar holds a Bachelor's degree in Political Science and a law degree from Catholic University in Guayaquil, Ecuador. He is also the former director of the Association of Insurers of Ecuador and former director of the Associacion de Aseguradores de Chile A.G.

Juan Luis Ortega has 16 years of insurance industry experience. He was appointed Regional President of ACE's Asia Pacific operations in 2013, a position he retained after ACE's acquisition of Chubb. Previously, Mr. Ortega served as Senior Vice President, A&H, for the company's Asia Pacific region. He joined ACE in 1999 and advanced through a series of accident and health and credit insurance management positions in Miami, Puerto Rico and Mexico, before being named Country President of Chile in 2005, where he was responsible for ACE's P&C, A&H and life insurance businesses in that country. Mr. Ortega has also served as Senior Vice President and Regional Head of Accident & Health for the company's Latin America region. Mr. Ortega earned a Bachelor of Science degree in Finance and Business Administration from Universidad Diego Portales, Chile.

Paul McNamee has more than 20 years of insurance industry experience.  He was appointed Deputy Regional President and Executive Vice President, Commercial Property & Casualty, Asia Pacific in September 2013, a position he retained after ACE's acquisition of Chubb. Previously, Mr. McNamee was President of ACE's North America Property & Specialty Lines. Mr. McNamee joined ACE in 1995 in Australia and was named Head of Property and Technical Lines for Asia Pacific in 2002, based in Singapore. Mr. McNamee went on to become the Chief Operating Officer for ACE in Hong Kong before being posted to London in 2005 as the Executive Vice President and Head of ACE's International Property & Technical Lines business.  Mr. McNamee entered the industry in 1995, joining CIGNA Corporation's International operations in Australia.

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 distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise 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, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.

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