Chubb’s New Lloyd’s Syndicate Inks First New Business in Expansion Plan

June 21, 2010

Chubb Syndicate 1882 at Lloyd’s has lost no time in concluding its first piece of business, a marine hull risk. The syndicate was formally approved at the beginning of June (See IJ web site – https://www.insurancejournal.com/news/international/2010/06/02/110392.htm).

Rob Cage, active underwriter of Chubb 1882, described the signing as an “historic moment for Chubb.” He also indicated that it “marks the next big chapter in the development of the company’s European business.”

Chubb Managing Agent Ltd. also announced the appointment of Christopher Smith as its chief operating officer of Chubb 1882. He is based in London and will be responsible for leading the operational activities of the syndicate, reporting to Michael Casella, CEO of Chubb Insurance Company of Europe SE.

Smith joins Chubb from AVGVSTVS Ltd., a management consultancy company, where he was a director for three years. Prior to AVGVSTVS Ltd., he spent his entire career in Lloyd’s beginning as a Lloyd’s broker claims technician in 1987.

He noted that he was attracted to the COO position as he sees an “opportunity to develop one of the few non-turnkey syndicates in the Lloyd’s market. Working at Chubb 1882 means I am in the enviable position of marrying Chubb’s strength with the unrivalled Lloyd’s operating environment.”

Source: Chubb Group

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