Johannesburg - 16 February 2021 - Chubb has today announced the launch of its Civil Engineering Completed Risks (CECR) insurance offering to the South African market.
Johannesburg - 15 February 2021 - Chubb today announced the appointment of Justine Kekana as Casualty Underwriter for South Africa.
Johannesburg - 17 August 2020 - Chubb today announced the appointment of Kimberly von Roretz as Financial Lines Underwriter for South Africa.
In this role, Kimberly will be responsible for the development and growth of the Financial Lines portfolio, as well as building and strengthening relationships with the company's key brokers. She will be based in Chubb's Sandton office and report to Alexandra Blair Schudel, Head of Financial Lines, Chubb Insurance South Africa. Her appointment is effective immediately.
Kimberly has worked in the insurance indutry for four years and joins Chubb from Willis Toweres Watson where she was a Finex Broker.
Alexandra Blair Schudel, Head of Financial Lines, Chub Insurance South Africa, said:
"I am delighted to welcome Kimberly to the team. Her experience across all Financial Lines products, with a key focus on global programmes and complex accounts, will play a key role in growing our Financial Lines portfolio as we continue to grow this increasingly important part of our business in South Africa."
Johannesburg - 12 May 2020 - Chubb today announced the appointment of Tafadzwa Masiyandima as Property Underwriter for South Africa.
In this role which is effective immediately, Tafadzwa will be responsible for supporting the growth and development of the corporate property business unit. He will be based in the Chubb's Sandton office and report to James Ison, Head of Property & Energy, Chubb Insurance South Africa.
Tafadzwa has worked in the insurance industry for 18 years and joins Chubb from Aon where he was a Cliet Service Advisor.
James Ison, Head of Property & Energy, Chubb Insurance South Africa, said:
"I am pleased to welcome Tafadzwa to the team. His experience and background in the insurance industry will play a key role in developing and growing our property offering in South Africa. I am excited about the opportunitites that Tafadzwa's appointment will bring for Chubb in South Africa."
Johannesburg - 12 May 2020 - Chubb today announced the appointment of Asiya Swaleh as Consumer Lines Manager for South Africa.
In this role, Asiya will be responsible for the development and growth of the company's Consumer Lines portfolio, with an emphasis on Travel Insurance and digital distribution. She will be based in Chubb's Sandton office and report to Luke Powis, Head of Accident & Health, Chubb Insurance South Africa. Her appointment is effective immediately.
Asiya has worked in the insurance industry for more than 15 years and joins Chubb from Insure Group Managers Limited where she was a Senior Account Executive.
Luke Powis, Head of Accident & Health, Chubb Insurance South Africa, said:
"I am delighted to welcome Asiya to the team. Her considerable experience and expertise within the insurance industry will play a key role in growing our consumer lines portfolio as we continue to develop this increasingly important part of our busines in South Africa."
Johannesburg - 29 April 2020 - Chubb Insurance South Africa today announced the release of its specialist annual Contractors All Risk (CAR) insurance product to the South African market.
Chubb's annual CAR product has been available for some time in other jurisdictions around the world and has now been launched in the South African market.
The annual CAR policy provides cover for all contractor contracts over a specified period, which usually spans 12 months. This differs from single project CAR insurance, which only covers one specific project from start to completion.
Tirelo Tsheoga, Head of Tech Lines & Distribution in sub-Saharan Africa, Chubb said:
"Chubb's annual Contractors All Risk and Erection All Risk policies are designed to cover the material-damage risks associated with contractor activities across construction projects of all kinds, whether big or small. These insurance policies provide cover for contract works against all risks except where specifically excluded and can be extended to include additional cover for own plant, hired-in plant and employee tools."
Contract works covered include permanent works, as well as unfixed materials and temporary works, such as scaffolding and access roads, that are located on-site anywhere in the territorial limit stated in the schedule.
The policy has been designed for businesses and individuals who work on various projects throughout the year, such as real estate investors that have a schedule of assets they need to maintain or expand, as well as contractors who specialise in specific fields of the segment, such as:
"The South African market is the primary focus for Chubb South Africa's new annual CAR cover, but it is also available to the rest of Africa. Chubb is a global leader with regards to Multinational Capability and we aim to support our clients wherever possible and provide cover where contractors are expanding their operations outside of South Africa. With our international network of offices and affiliates, we can ensure that the cover is placed efficiently and is legally compliant in local jurisdictions."
New York - 5 April 2020 - Chubb today announced that it is committing $10 million to pandemic relief efforts globally. The support will go to people and programs providing emergency frontline services and for assistance to the most financially vulnerabe members of the community who have been impacted the hardest by the pandemic.
Chubb will work with a range of partner organizations in the United States and other countries to provide essential resources immediately in areas facing the most acute need. This includes organizations providing emergency medical equipment and supplies to healthcare facilities, and to community foodbanks to support those who have become unemployed as a result of the pandemic. The funding will be made by the Chubb Charitable Foundation.
Seperately, the company announced that it will not conduct any layoffs of Chubb employees while in the midst of the COVID-19 pandemic health crisis.
"We are committed to supporting people, business and communities most impacted by this global crisis," said Evan G. Greenburg, Chairman and Chief Executive Officer. "Our $10 million commitment will add to the urgent efforts required to meet the immediate health and nutrition needs of those most affected. Concerning our no-layoff pledge, we want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time. Given all of the uncertainty that exists in the world, employment and benefits are one thing my colleagues will not have to be concenred about at this time.
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 suppliemental 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. Additional information can be found at www.chubb.com.
Johannesburg - 19 March 2020 - Chubb today announced the appointment of Shanaaz Cajee as Accident & Health Underwriter.
In this role, Shanaaz will be responsible for the development and growth of the company's Accident & Health portfolio. She will be based in Chubb's Sandton office and report to Luke Powis, Head of Accident & Health, Chubb Insurance South Africa. Her appointment is effective immediately.
Shanaaz has worked in the insurance industry for over 16 years and joins Chubb from Gaurdrisk Insurance where she was the Product Manager for Accident and Health.
Luke Powis, Head of Accident & Health, Chubb Insurance South Africa, said:
"I am delighted to welcome Shanaaz to the team. Her experience in A&H product management and her background in the insurance industry will play a key role in developing and growing our A&H portfolio."
Johannesburg - 19 February 2020 - Chubb today announced the appointment of Zukiswa Ncube as Casualty Underwriter for South Africa.
In this role, which is effective immediately, Zukiswa will be responsible for the development and growth of Chubb's Casualty portfolio in South Africa. She will be based in the Chubb's Sandton office and report to Ncedi Mbongwe, Casualty Manager, Chubb Insurance South Africa.
Zukiswa has worked in the insurance industry for five years and joins Chubb from SHA where she was a Liability Underwriter.
Ncedi Mbongwe, Casualty Manager, Chubb Insurance South Africa, said:
"I am delighted to welcome Zukiswa to our growing team. Her experience in the Casualty market will play a key role in developing our Causlaty portfolio so that we can continue to secure growth in this important area of our business. I am excited about the opportunities that Zukiswa's appointmnet will bring for Chubb in South Africa."
Johannesburg - 14 January 2020 - Chubb today announced the appointment of Allan Bader as Accident & Health Underwriter.
In this role, Allan will be responsible for the development and growth of the company’s Accident & Health portfolio, focusing on Group Personal Accident and Business Travel.
Allan has worked in the insurance industry for 16 years and joins Chubb from CN&CO, where he worked with insurance industry stakeholders in a marketing and events role.
Allan will be based in Chubb’s Sandton office and his appointment is effective immediately.
Luke Powis, Head of Accident & Health, Chubb Insurance South Africa, said:
“I am delighted to welcome Allan to the team. His considerable experience within the insurance industry will be instrumental in growing our A&H portfolio. I am excited about the opportunities that Allan’s appointment will bring for Chubb in South Africa.
Johannesburg – 6 November 2019– Chubb today announced that GCR Ratings (GCR) has affirmed Chubb Insurance South Africa’s national scale financial strength rating of AA(ZA), with a stable outlook.
Gary Jack, Country President for Chubb Insurance South Africa Limited said:
‘I am pleased with GCR’s decision to retain Chubb South Africa’s national scale financial strength rating at AA(ZA) with a stable outlook, particularly given the challenging economic conditions and insurance market environment. This again serves as a measure of security and confidence to our customers, brokers and business partners. The rating recognises the continued execution of our core strategies and our commitment to underwriting discipline. It is further underpinned by the group’s financial strength and deep technical expertise.’
For further information read the full GCR release here.
Johannesburg – 2 June 2016 – Chubb today announced the appointment Tirelo Tsheoga to the role of Senior Property Underwriter for its insurance subsidiary, ACE Insurance Limited in South Africa.
In his role, Tirelo will be responsible for underwriting, development and administration of the company’s property insurance portfolio in South Africa. He will handle existing renewals as well as develop and grow the new business portfolio – servicing Chubb’s major global broker partners based in Johannesburg and the Western Cape. He will also provide support and help to further enhance the company’s client service in the onshore energy insurance sector, where it has an active portfolio.
Tirelo has eleven years of relevant insurance industry experience. He joins the company from Mutual and Federal Insurance Company where he spent the majority of his career in various underwriting positions, with the responsibility for production and maintenance of new and existing business. His most recent position prior to joining ACE was Energy & Property Manager: Underwriting and Business Development. Tirelo will be based in the company’s Sandton office and his appointment is effective immediately.
James Ison, Head of Property, Energy and Tech Lines said:
“We are delighted to welcome Tirelo to ACE. Tirelo brings a wealth of knowledge and experience which will complement the skills and dynamics within the team and we look forward to working with him."
Johannesburg – 12 February 2016 – Chubb today announced the appointment of Alexandra Schudel as Head of Financial Lines for its insurance subsidiary, ACE Insurance Limited South Africa.
In her role, Alexandra will be responsible for the development and profitable growth of the company’s financial lines portfolio, with an emphasis on directors and officers (D&O) liability, public offering of securities (POSI), professional identity (PI), medical malpractice, and cyber risks.
Alexandra has thirteen years of relevant insurance industry experience. She joins the company from Aon where she was responsible for managing a portfolio of over 400 clients across all industry sectors and financial lines business development. Prior to that, Alex spent ten years in Europe holding various senior underwriting and management positions with responsibility for a broad range of financial lines products. Her appointment is effective immediately. Alexandra succeeds Quinton Kotze, who is relocating to Chubb’s Australia office to take up the position of Head of Financial Lines, South Wales.
Gary Jack, Country President for ACE Insurance Limited South Africa, said:
“I am delighted to welcome Alexandra to the company. Her extensive financial lines experience and a proven leadership track record gained at global insurers and brokers will be instrumental in building up our capabilities and offering in an area of risk that is of increasing importance to businesses in South Africa.”
“Quinton has done an outstanding job rapidly growing our financial lines business and building up an exceptional team. We wish him every success in his new role”
Chubb launches new multinational political violence and terrorism cover in South Africa
Johannesburg – April 2016 – ACE Insurance Limited, Chubb group’s South African subsidiary, today announced the launch of ACE Political Violence and Terrorism Plus, a multinational political violence and terrorism insurance solution for businesses in South Africa with both domestic and international operations.
The new solution has been designed to respond to changing client needs and increasing demand for cover in today’s evolving geopolitical environment. It provides comprehensive, market-leading
multinational cover through the company’s extensive global network. It also offers integrated cover across the full spectrum of terrorism and political violence perils, now including:
James Ison, Head of Property & Energy, South Africa, said:
“With this launch, we continue to establish our market position as a leader and innovator in terrorism and political violence risk solutions. Coupled with the unrivalled strength of our network globally and the experience of our dedicated underwriting team, clients in South Africa can rest assured that they are getting the most comprehensive cover possible for this constantly evolving and challenging
Johannesburg - 26 May 2016 — ACE Insurance Limited, Chubb Group’s South African subsidiary, today announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities.
Cyber Enterprise Risk Management is an end-to-end risk management solution, designed to meet the needs of middle-market and larger companies as well as multinationals in South Africa and Sub-Saharan Africa. It includes a wide range of cyber risk assessment, post-event crisis management and risk transfer solutions to address the growing enterprise-wide cyber and data privacy risks facing companies of all sizes. The policy provides comprehensive cyber risk cover, including for first party business income loss, data restoration, cyber extortion, third party liability arising from privacy and security incidents, and for crisis response costs.
Crawford & Company, a global leader in claims and crisis management, will provide clients with a single point of contact and a 24/7 incident response platform to report cyber incidents. Crawford’s qualified incident managers will help insureds navigate through the complexities of a cyber incident from start to finish and offer access to a global network of crisis management service providers.
Highlights of the new solution include:
Tim Stapleton, Vice President and Cyber Insurance Product Manager, Overseas General Insurance at Chubb, said:
“Brokers and clients have told us they want an end to unclear and opaque language, as well as less promotion of off-the-shelf cyber products by insurers and more joined-up risk management solutions. We have launched Cyber Enterprise Risk Management in response. The new solution underlines our commitment to provide cover for the wave of new, emerging risks that worry risk managers the most.”
Alexandra Schudel, Head of Financial Lines and Casualty for South Africa, said:
“Our simplified policy wording and holistic approach to risk management and incident response, means clients and brokers can feel confident about what they are getting, and how it works to protect them against the growing challenges faced by business when managing their cyber risk. Cyber Enterprise Risk Management combined with our team of cyber experts locally and internationally and our end-to-end solution with Crawford positions us to provide our clients with the market leading cyber risk solutions and service they dese
Johannesburg — May 28, 2015 — ACE Group today announced the promotion of Gary Jack, Chief Operating Officer, South Africa to the role of Country President as it continues to grow its business in Africa.
In his new role, Gary will be responsible for managing the performance, strategy and development of all ACE’s property and casualty and consumer lines business in South Africa. He will remain based in ACE’s Sandton office and will report to Giles Ward, Regional President, Eurasia and Africa. Gary succeeds John Nienaber, who has decided to pursue opportunities outside the company. The appointment is effective immediately.
Gary has fifteen years of insurance industry experience, including seven at ACE. Since 2012, as Chief Operating Officer, Gary has been responsible for managing the underwriting performance of both the property and casualty and accident and health businesses, as well as for operations, sales and distribution and business development. He joined ACE in South Africa in 2008 as Head of Accident and Health. Previously, he worked at AIG South Africa as Regional Underwriting Manager, Africa. Gary began his career at one of South Africa’s leading insurance brokers, Alexander Forbes Financial Services.
Giles Ward, Regional President, Eurasia and Africa at ACE, said:
“Over the past three years, Gary has been very closely involved in the development of the expanded product capability and clear strategy that we now have in place in South Africa. Thanks to this, and Gary’s strong management track record during the last seven years, our business is very well placed for the future and he has my fullest confidence as he leads us through our next phase of growth.”
“After three years of valued service as Country President, I am very sorry that we are losing John. His leadership has been pivotal to the recent success and growth of our business thanks to his excellent underwriting background and his strong market relationships. He leaves with our sincere appreciation and our best wishes for the future.”
Brian Seach, Chairman of the Board for ACE Insurance Limited in South Africa, said:
“The board is delighted to welcome Gary to the role of Country President for South Africa. Gary’s extensive insurance industry experience, proven strategic management capabilities and strong market relationships make him well suited for the role. We look forward to working with him as we continue to grow the business in South Africa. We would also like to thank John for his valuable contribution over the past three years and wish him well in his future endeavours.&rdq
JOHANNESBURG – 24 February 2015 - ACE Group today announced the appointment, effective immediately, of Charles Moriarty as Risk Engineer for South Africa, as the company continues to build its property insurance proposition for corporate clients in the country and across Sub-Saharan Africa.
In his role, Charles will help ACE’s corporate clients to develop local, regional or multinational risk management programmes. In addition to visiting clients’ premises to assess potential hazards and risk mitigation, Charles will also assist the local ACE underwriting and claims teams on technical matters.
Charles has more than ten years of insurance industry and risk management experience. He joins ACE from Marsh Risk Consultancy where he held the position of Senior Risk Consultant. He will be based in ACE’s Sandton office, reporting to Brian Partridge, Head of Technical and Portfolio Management, Property for ACE in South Africa.
James Ison, Head of Property for ACE in South Africa, said: “Charles is a great addition to our property underwriting team. His extensive risk management experience will allow us to evaluate even better the wide variety of risks our clients face and develop comprehensive propositions to cover their risk management needs.”
John Nienaber, Country President for ACE in ACE South Africa said: “Charles’ appointment is yet another important step in our strategy of leveraging and replicating ACE’s global expertise and underwriting capabilities locally to provide our clients with unmatched insurance solutions. Charles’ expertise, in combination with our wealth of international risk management experience, will allow our growing property team to help companies manage their risk exposures more effectively, mitigating potential risks they may face.”