Chubb has restructured and made several appointments in its its Real Estate and Hospitality practice. As part of this new structure, the following appointments are effective immediately:
Seth Gillston, Chubb’s existing Mergers and Acquisitions and Private Equity practice leader, has been appointed executive vice president, Real Estate and Hospitality Industry practice leader, within the company’s North American Major Accounts division. He will continue to lead the Private Equity team and also be responsible for overseeing the Real Estate and Hospitality Industry practice.
Based in New York, Gillston will report to Matt Merna, chief operating officer Chubb North America Major Accounts.
Steven Reiss, executive vice president, Real Estate and Hospitality Industry (REH), will report to Gillston and assist in overseeing the day-to-day operations for the company’s Major Accounts REH practice area.
Reporting to Reiss will be the Casualty practice leader for the REH practice, Tom Agnello, who is now responsible for leading the practice’s newly formed center of excellence. In this capacity, he will have broad underwriting authority to manage the specific casualty insurance coverage needs of the Real Estate, Hospitality, Gaming and Financial Institutions industry practices.
Luke Testa will report to Agnello as Chubb’s REH casualty underwriting manager, where he will lead a dedicated team of underwriters.
Ted Aitken will also report to Agnello and will lead Chubb’s casualty practice for Major Accounts Financial Institutions with large real estate operations.
In other changes, current zonal leaders from Chubb’s Private Equity practice, including Meg Mcsherry, who is responsible for the East Coast market; Erica Nolda, who is responsible for the Midwest market; and Marife Molina, who is responsible for the West Coast market, will work closely with Hemant Sarma, Chubb’s senior vice presdient of Real Estate underwriting to meet the needs of existing clients and serve as a conduit to other offerings within Chubb’s portfolio of property/casualty products.
“We are committed to operating as an industry vertical across all lines of business within Major Accounts,” said Gillston, noting that Chubb’s people have been involved in a number of transactions related to private equity, real estate and hospitality as well as financial institutions and “understand the response time and program structure needs of each business.”
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