Chubb Appoints Spitzer Treasurer; Harkin appointed Chief Financial Officer for Insurance in North America
Chubb Ltd. announced that Drew Spitzer has been appointed corporate treasurer. Currently, Spitzer is Chief Financial Officer of North America Insurance. In his new role, he will be responsible for all corporate treasury functions globally.
Kevin Harkin succeeds Spitzer as Chief Financial Officer of North America Insurance. Currently, Harkin is Senior Vice President, North American Financial Operations.
Both appointments come into effect on March 1.
Spitzer has over 25 years of experience in finance, accounting and insurance. Prior to serving as Chief Financial Officer of Chubb’s North American Operations, he was Chief Financial Officer of Combined Insurance, a subsidiary of Chubb that sells individual accident and extended health insurance. Spitzer joined the company, then named ACE, in 2006 as senior vice president and deputy chief accounting officer. Prior to Chubb, Spitzer was a partner of the accounting firm Fecteau & Co. and vice-president of Rockledge Financial Group. He started his career at PricewaterhouseCoopers.
Harkin has over 20 years of experience in corporate finance and accounting. As senior vice president of financial operations in North America, he provided financial support to field operations and distribution management in the region, including overseeing the strategic use of technology and data. in financial integration initiatives. He joined the company, then named ACE, in 2007 and has held financial positions in corporate financial planning and analysis, expense management, closing functions and statutory reporting. He began his career in public accountancy with Arthur Andersen and, later, with EY.
Spitzer will report to Peter Enns, executive vice president, Chubb Group and CFO, and succeed Mark Hammond, who is leaving the company. Hammond will stay with Chubb until March 1 to ensure a smooth transition. Harkin will report to John Lupica, vice president, Chubb Group, and president, North America Insurance and Enns.
Arch Re Facultative Promotes Hernandez To CEO; Announces more leadership moves as Vivian retires
Arch Re Facultative has announced several promotions in its leadership team that went into effect on January 1, 2022.
Santiago “Santi” Hernandez has been appointed Managing Director. Additionally, Scott Montgomery has been promoted to President, Lisa Pickard has been appointed Arch Re Fac’s Senior Director of Strategy and Mike Karam has been appointed Executive Director and Head of Hybrid Solutions. Jennifer Apgar, who has the dual roles of Chief Underwriting and Chief Operating Officer, has been given the additional responsibility of developing the infrastructure necessary to manage the growth of Arch Re Fac.
The promotions coincide with the retirement of former Arch Re North America CEO Ken Vivian at the end of 2021.
Hernandez joined Arch Re Fac in 2007 as Head of References. He has since held various positions, including Executive Director, and has served as President since 2017. As CEO, Hernandez will oversee the global operations of Arch Re Fac.
Montgomery also joined the company in 2007, as Managing Director, and has held a number of positions including Executive Director and Head of Hybrid Solutions. As President, he will add executive oversight and focus on business development initiatives.
Pickard is the senior director of strategy at Arch Re Fac, a role focused on driving initiatives around innovation and growth. She joined Arch in 2007 as Director of Underwriting, rose to Managing Director in 2011 and most recently served as Executive Director.
Karam joined Arch in 2008 as Director of Underwriting and has served as Director of Programs since 2011. As Head of Hybrid Solutions, he will focus on creating offerings that bring together the benefits of facultative reinsurance and conventional in one product.
Apgar will continue in his dual role of Chief Underwriting and Chief Operating Officer for Arch Re Fac with increased responsibilities for building Arch Re Fac’s infrastructure and resources as the company expands its platform. and its capabilities. Apgar has been the company’s CUO since 2007 and added COO responsibilities in 2014.
“I would like to thank Ken for his help in positioning Arch Re Fac as a premier facultative operation,” said Maamoun Rajeh, Chairman and CEO of Arch Worldwide Reinsurance Group. “We have worked diligently to develop an in-depth and talented leadership team at Arch Re Fac and Santi is perfectly suited to continue to focus on smart decision-making, working closely with our valued clients and, most importantly, in maintaining our unique and differentiating culture. . Congratulations to Santi, Scott, Jen, Lisa and Mike for their promotions.
Hernandez added, “I am delighted to have the opportunity to lead our team here at Arch Re Fac. I am fortunate to work alongside an incredible team and look forward to collectively realizing the full potential of Arch Re Fac. Over the years, we have strived to earn the loyalty and trust of our customers and we will continue to focus on developing long-term relationships with our partners.
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