May 17, 2017
Chubb has appointed former UK Financial Services Authority (FSA) executive chairman Adair Turner as non-executive chairman of the insurance giant’s European and Lloyd's operations, it was announced last week.
Subject to regulatory approval, Turner will become non-executive chairman of Chubb European Group and Chubb Underwriting Agencies and will work closely with Andrew Kendrick, the carrier’s regional president for Europe, who will continue to have executive responsibility for the two businesses.
He succeeds John Napier, who has recently relinquished both positions.
Turner took over at the FSA at the height of the global financial crisis in September 2008 and remained at the UK regulator until 2013.
He has also held a number of other senior positions, including vice chairman of Merrill Lynch Europe and director general of the Confederation of British Industry (CBI).
Commenting on the appointment, Kendrick said that Adair’s “extensive knowledge and unique insights will be greatly valued by our board members and will add real value to our customer and market proposition in Europe.”