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Chubb Announces Leadership Changes in Europe, Middle East and Africa and North America

1. Ana Robic named Regional President for EMEA; succeeds David Furby. 2. Furby moves to Executive Chairman role overseeing strategy in EMEA. 3. Robic's leadership in Personal Risk Services highlights her capability. 4. Melissa Scheffler promoted to Division President after Robic's promotion. 5. Leadership changes effective April 1, pending regulatory approvals.

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Why Bullish?

The executive changes indicate a strategic focus on growth across crucial markets. Historical precedents show that strong leadership transitions often correlate with improved performance.

How important is it?

Executive leadership at Chubb directly influences company strategy and market perception. The appointments suggest a commitment to growth in international markets and enhance investor confidence.

Why Long Term?

Leadership transitions typically take time to manifest operational improvements; benefits may be seen over several quarters. For instance, similar transitions in the past, such as at financial giants, led to strategic shifts that took time to yield results.

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Ana Robic appointed Regional President, Europe, Middle East and Africa, succeeding David Furby who is named Executive ChairmanMelissa Scheffler promoted to succeed Robic as Division President, Personal Risk Services, Chubb North America Insurance, /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that Ana Robic, Senior Vice President, Chubb Group and currently Division President of Personal Risk Services (PRS), Chubb North America, has been appointed Regional President of Europe, Middle East and Africa. She succeeds David Furby, Senior Vice President, Chubb Group, who has been named Executive Chairman of Europe, Middle East and Africa. David Furby, Senior Vice President, Chubb Group, has been named Executive Chairman of Europe, Middle East and Africa Ana Robic, Senior Vice President, Chubb Group and Division President, PRS North America, has been appointed to Regional President of Europe, Middle East and Africa Melissa Scheffler, Chief Operating Officer, PRS North America, has been appointed to Vice President, Chubb Group and Division President of PRS In her new role, Robic will have executive operating responsibility for Chubb's European business, including the United Kingdom, continental Europe, Chubb Global Markets, the Middle East and Africa. She will report to Paul McNamee, Executive Vice President, Chubb Group and President, Chubb Overseas General Insurance. In his new Executive Chairman role, Furby will have executive oversight, including strategy and governance of Chubb's general insurance business in the region. He will continue as a member of Chubb's European Group's Board and chair its Underwriting Risk Committee. McNamee said, "These appointments and increased responsibilities demonstrate Chubb's deep bench of talent with long-tenured executives who are able to take on increased responsibilities, as well as the growth aspirations we have for our business. I am thrilled to welcome Ana into Chubb Overseas General and the region's leadership. She is an accomplished and widely respected executive leader within Chubb with a strong underwriting sense.""I would also like to thank David for his leadership in Europe over the last seven years. Under David, our business has grown substantially and has been a pillar of performance within our international operations."Both appointments are effective April 1, subject to any required regulatory approvals.Commenting on the appointments, Juan Luis Ortega, Executive Vice President, Chubb Group and President, Chubb North America, observed, "Under Ana's leadership, PRS North America has consistently delivered strong results and improvements in the operating capabilities of our company. Her appointment recognizes her significant accomplishments and is a testament to global talent mobility, a hallmark of Chubb."Melissa Scheffler, currently Chief Operating Officer of PRS, will succeed Robic as President of the business and becomes Vice President, Chubb Group. She will report to Ortega, who added, "Melissa has repeatedly set new bars of achievement throughout her tenure at Chubb, and I am confident she will do the same leading PRS. As COO, Melissa has been involved in all facets of PRS, making her uniquely qualified to lead the business going forward."Biographies Robic joined Chubb in 1999 and has produced outstanding results in every role she has held. She was named Division President, Chubb Personal Risk Services in 2021 after serving as Chief Operating Officer of the business. Prior to PRS, Robic held leadership roles for Chubb in Canada, including Commercial Insurance, the Underwriting Center and the Excess and Umbrella division.Furby's tenure in the insurance industry spans 43 years, 29 with the company. Prior to serving as Regional President for Chubb's Europe, Middle East and Africa business and Global Markets, he was Division President, Property and Casualty, Overseas General Insurance in New York and London and Regional President Continental Europe. He joined ACE Group (currently Chubb) in 1996.Scheffler's career at Chubb began in 1994 and canvases roles in underwriting, marketing, sales, and management throughout the Midwest, Mid-Atlantic and New York regions. Prior to her current position as Chief Operating Officer for PRS, she served as the Regional Executive Officer for the Mid-Atlantic Region. She has also held key roles as Regional COO, Pittsburgh Branch Manager and New Jersey Marketing Manager. About Chubb Chubb is a world leader in insurance. With operations in 54 countries and territories, 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. The company is 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 employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.SOURCE Chubb Limited WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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