Chubb European president Andrew Kendrick is set to retire at the end of 2018, handing over leadership for the region to David Furby from 1 July.
Furby, who currently serves as division president of the company’s international commercial P&C business, will take over the reins as regional president for the firm’s European business and will be promoted to senior vice president of Chubb Group at the beginning of next month.
Industry veteran Kendrick has spent four decades in the (re)insurance industry, having begun his career at Sturge Syndicate 210 in 1978. He has led the carrier’s European operations as regional president since 2004.
Furby and Kendrick have been with the firm for more than 20 years, have both joined legacy ACE in 1996 when the company acquired the Ockham Syndicate.
Kendrick will remain with the carrier until end of the year as senior vice president of Chubb Group and executive chairman of its European operation. During this time, Chubb said that he will focus primarily on regulatory matters, including the company's Brexit plans and duties related to the Chubb European Group board of directors and its joint underwriting control committee.
Commenting on Kendrick’s retirement, Chubb Group chairman and CEO Evan Greenberg said: "As Chubb's second-largest region, Europe is a core franchise and a significant contributor to the results of our organization.
"He has done much to lead and build our business and our reputation across the UK and Continental Europe. His distinguished career has been defined by his leadership, skill and collegiality.”
Greenberg added: “Andrew has earned his retirement, but we look forward to continuing to benefit from his experience, counsel and energy in the coming months.”
Speaking on Furby’s appointment, Greenberg remarked: “David has proven he's ready for this important role, and I have every confidence in his abilities and skill as a leader to drive sustained growth and profitability across the UK and Continent.”
Separately, Chubb announced that financial lines executive Timothy O’Donnell will succeed Furby in his role as overseas commercial P&C president.
Both Furby and O’Donnell will report to Juan Andrade, executive vice president, Chubb Group and president of its overseas general insurance division.