Nov 14, 2016, 11:06 ET
PHILADELPHIA, Nov. 14, 2016 /PRNewswire/ -- Chubb has appointed Steven Reiss as Executive Vice President, Real Estate & Hospitality (REH) Industry Practice Leader. In this role, Mr. Reiss will be responsible for the underwriting strategy, production, marketing, product development and management, and profit and loss performance for the company's REH Industry Practice within its North America Major Accounts division, which serves the large corporate marketplace. Mr. Reiss will be based in New York and will report to Chris Maleno, President, North America Major Accounts Division, Chubb.
"On October 10, 2016, our company lost one of our close friends and colleagues, Andrew Hurley, leader of the Major Accounts Real Estate and Hospitality Industry Practice. We were profoundly saddened by Andrew's passing. He was a consummate professional, who represented the best of our company, and will be sincerely missed by all who knew him," said Mr. Maleno.
"Chubb remains committed to our Real Estate and Hospitality Industry Practice. I am happy to welcome Steve back from our Continental European operations to the United States and name him as the leader of our Real Estate and Hospitality Industry Practice. Steve's global knowledge and management skills, proven track record as the leader of one of our busiest U.S. regions, and in-depth property and casualty underwriting and brokerage experience make him the ideal individual to lead our REH practice. Steve and the strong talent and senior management team within our REH Industry Practice will allow us to continue to carry out our strategy and commitment to this space."
Mr. Reiss will lead Chubb's dedicated and experienced team of underwriters, risk engineers and service specialists across multiple lines of business to deliver insurance solutions to the real estate and hospitality industries. Chubb's REH Industry Practice serves U.S. and Canadian real estate owners and managers as well as hospitality-related companies, offering a broad suite of insurance coverages including:
- Casualty: Primary & Excess, Foreign, Environmental, and Owner Controlled Insurance Program (OCIP) Wraps
- Property: Shared and Layered, Ground Up, and Builders' Risk
- Financial Lines: Errors & Omissions, Directors & Officers, Fiduciary Liability, Employee Practices Liability, Privacy & Network Security, Crime, Kidnap/Ransom and Extortion, and Transactional Risk (Representations & Warranties)
- Accident & Health
Mr. Reiss brings more than 25 years of global underwriting, distribution and client management experience in commercial insurance lines. He most recently served as Chief Operating Officer in Continental Europe. Mr. Reiss joined legacy ACE in July of 2005 as Mid-Atlantic Regional Executive Officer. He spent 15 years with a large brokerage firm, where he held various management positions including managing director for their Japan Client Services segment. Mr. Reiss began his career as a professional associate with a global property and casualty insurer in their large account primary casualty underwriting unit. He received his Bachelor of Arts Degree in Political Science and Economics from Fordham University in New York.
Mr. Reiss can be reached at (212) 835-3185 or [email protected].
The REH Industry Practice is distributed through Chubb's 48 North American branch offices. Tailored coverages are offered to the following real estate-related businesses: building owners; commercial property managers; financial institutions real estate programs; fund managers/fiduciaries (REIF); global service firms; parking operators; portfolio programs; real estate investment trusts (REIT); residential property managers; and senior living facilities. In addition, tailored coverages are offered to the following hospitality-related businesses: hotel brands, operators and owners; luxury resorts; recreational vehicle parks and campsites; rooming and boarding houses; bowling centers; casinos; race tracks; marinas; fitness facilities; golf courses; travel agencies/tour operators; and venues.
All products may not be available in all states. Surplus lines products are available only through licensed surplus lines producers.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, 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 and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com.
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