Chubb Tempest Re Appoints Wayne Ashley to Lead its International P&C Reinsurance Business

Rhea-AI Summary

Chubb Tempest Re announced the appointment of Wayne Ashley as Division President of Chubb Tempest Re International, effective April 1, 2023, pending regulatory approval. Ashley, who has been with the company for over 15 years and served as Deputy Head of the international property and casualty reinsurance business, will replace Stephen Roberts, who is retiring at the end of April. Jim Wixtead, Senior Vice President of Chubb Group, expressed confidence in Ashley's leadership experience, highlighting his nearly 30 years in the insurance industry. Chubb Tempest Re operates globally, enhancing its footprint in the reinsurance sector.

Positive

• Wayne Ashley's extensive experience positions him well as the new Division President.
• The leadership change may bring fresh perspectives to Chubb Tempest Re's international operations.

Negative

• Stephen Roberts' retirement could create a gap in leadership experience during the transition period.

LONDON, March 1, 2023 /PRNewswire/ -- Chubb Tempest Re today announced that Wayne Ashley has been appointed Division President, Chubb Tempest Re International. Currently, he serves as Deputy Head of the business. In his new role, Ashley will be responsible for the overall management and development of Chubb Tempest Re's international property and casualty reinsurance business.

The appointment, which is subject to regulatory approval, is expected to be effective on April 1.  Ashley will report to Jim Wixtead, Senior Vice President, Chubb Group and President, Chubb Tempest Re.  Ashley succeeds Stephen Roberts, who is retiring from the company at the end of April.  

"Wayne is a seasoned reinsurance executive who has had leadership roles at Chubb Tempest Re for more than 15 years. Having served as deputy head of our international P&C reinsurance business, he is well positioned to lead as division president," said Wixtead.  "I look forward to working with Wayne as we continue to serve our clients in this important international business."

"We are extremely grateful for Steve's years of service and the invaluable leadership he has provided to our reinsurance operation," said Wixtead. "He has played an important role in building our reinsurance company's international presence. We wish him all the very best in his retirement."

Ashley has nearly 30 years of experience in the insurance industry. He joined Chubb Tempest Re Bermuda in 2006 as Assistant Vice President, International, and was promoted to Vice President in 2009 and Senior Vice President in 2012. Ashley relocated to London in 2017 and moved into the deputy role responsible for all international property lines of business in 2019. Prior to Chubb, he was with Alea London, where he underwrote the International treaty portfolio. He began his career in London at Zurich Re in 1994 in the Reinsurance Treaty unit.

About Chubb Tempest Re

Chubb Tempest Re is the reinsurance business of Chubb, offering a broad range of products to a diverse group of primary property and casualty insurers worldwide. Doing business globally with offices in Bermuda, Stamford, London, Montreal and Zurich, the business has deep underwriting, actuarial and claims expertise.

About Chubb

Chubb is the world's largest publicly traded property and casualty insurance company. 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also 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 maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide. Additional information can be found at: www.chubb.com.

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SOURCE Chubb INA Holdings

FAQ

What is the significance of Wayne Ashley's appointment at Chubb Tempest Re?

Wayne Ashley's appointment as Division President is significant because of his extensive background in the company and the reinsurance sector, which is expected to strengthen Chubb Tempest Re's international business.

When will Wayne Ashley officially take office at Chubb Tempest Re?

Wayne Ashley is expected to officially take office on April 1, 2023, subject to regulatory approval.

What role did Stephen Roberts play at Chubb Tempest Re before retiring?

Stephen Roberts served as Division President of Chubb Tempest Re International and contributed significantly to the company's international expansion before his retirement.

How does Wayne Ashley's experience benefit Chubb Tempest Re?

Wayne Ashley brings nearly 30 years of insurance industry experience, which includes key leadership roles at Chubb, making him well-suited to lead the international property and casualty reinsurance business.

What are the operational locations of Chubb Tempest Re?

Chubb Tempest Re operates from multiple global offices, including Bermuda, London, Montreal, and Zurich, providing a diverse range of reinsurance products.