Summary by Futu AI
Chubb Limited announced several key executive appointments in its North American general insurance business on July 9, 2024. John Lupica, currently Vice Chairman and President of North America Insurance, has been promoted to Executive Chairman, where he will oversee strategy and governance. Juan Luis Ortega, previously Executive VP and President of Overseas General Insurance, succeeds Lupica as President of North America Insurance.Scott Meyer, Senior VP and Division President of Westchester, has been appointed to the newly created position of Chief Operating Officer for North America Insurance, reporting to Ortega. Additionally, Christopher Maleno has been named Vice Chairman of North America Insurance while retaining his role as Division President of North America Field Operations.These appointments, effective immediately, reflect Chubb's position as the largest commercial insurer and insurer of high-net-worth individuals in the United States. The restructuring aims to support the company's future growth and development plans, bringing together an experienced leadership team to manage the increasing size and complexity of its North American operations.