18 Dec, 2017, 09:15 ET
WHITEHOUSE STATION, N.J., Dec. 18, 2017 /PRNewswire/ -- Chubb has named Matt Booker, Senior Vice President, Major Accounts Property in the United States. In this capacity, he will have responsibility for underwriting, strategy, production, product development, management, and profit and loss (P&L) performance for Chubb's retail commercial large accounts property insurance business, which focuses on the risk transfer and fronting needs of domestic and multinational clients based in the United States.
Mr. Booker succeeds Brian Church, who was recently appointed Head of International Property for Chubb's Overseas General business, where he oversees all of Chubb's retail commercial property insurance business throughout Asia, Latin America, Europe, the Middle East and Africa.
Mr. Booker reports to Derek Talbott, Division Chairman of Chubb's North America Property.
"With the recent appointment of Brian as the company's Head of International Property, Matt's appointment further underscores the breadth of leadership within our organization," said Mr. Talbott. "Matt's experience in underwriting coupled with his strong leadership skills will help ensure the unit continues to provide customized solutions and services to help meet the specific needs of our multinational clients."
Mr. Booker has more than 15 years of insurance experience, with seven years spent at Chubb. Prior to this new appointment, he served as a Senior Vice President and New York and Mid-Atlantic Regional Property Underwriting Manager. Earlier in his career, Mr. Booker held a number of positions at Munich Re, including as a Senior Property Underwriter/Team Leader in London, where he led a small team handling property insurance for Fortune 5,000 companies in the UK, Africa, the Middle East, parts of Asia, and Australia; as well as a Property Underwriter in Germany, focusing on North American property business. Mr. Booker started his property underwriting career with XL Insurance in New York.
Mr. Booker earned a Bachelor of Arts degree in Language and International Trade from Clemson University, South Carolina.
Chubb is the world's largest publicly traded property and casualty insurance company, and the largest commercial insurer in the United States. 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.
About Major Accounts Property
Major Accounts Property provides significant risk and catastrophe capacity to a broad range of clients in both industry and scale and provides specialized fronting and captive solutions to large multinational customers. The unit focuses on the distribution of its core property products through retail distribution partners across the country.
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