- Jason Ranucci named Head of
North America Lower Middle Market
- Jeffrey Updyke appointed EVP,
North America Commercial Insurance & Digital
Distribution
ZURICH, July 10,
2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today
announced that Ana Robic, Vice
President, Chubb Group and Division
President, North America Personal Risk Services and Ben Rockwell, Vice President, Chubb Group and Division President, North
America Middle Market, have been appointed Senior Vice President,
Chubb Group. Both executives will
retain their current responsibilities and continue to report to
Juan Luis Ortega, Executive Vice
President, Chubb Group and
President, North America Insurance, and Scott Meyer, Senior Vice President, Chubb Group and Chief Operating Officer, North
America Insurance.
Jason Ranucci, currently Global
Chief Underwriting Officer, Small Commercial, has been named Head
of North America Lower Middle Market, where he will have overall
responsibilities for the strategy, underwriting, and P&L for
the lower middle market segment. He will continue to maintain
executive underwriting responsibilities over Small Commercial.
Ranucci will report to Rockwell and succeeds Jeffrey Updyke, who will now lead a newly
created role as Executive Vice President, North America Commercial
Insurance & Digital Distribution. Updyke will be responsible
for focusing on expanding Chubb's reach and influence in the lower
middle market and small commercial segments through the company's
broker distribution partners. Updyke will report to Christopher Maleno, Senior Vice President,
Chubb Group and Vice Chairman, North
America Insurance.
In addition, John DePeters,
Senior Vice President, Underwriting & Portfolio Management,
Small Commercial, has been appointed Chief Underwriting Officer,
Small Commercial. DePeters will be responsible for underwriting and
portfolio management for North America Small Commercial Insurance.
He will report to Ranucci and Robert
Poliseno, Division President of North America Small
Commercial Insurance and President of North America Digital.
The appointments are effective immediately.
"On behalf of the entire management team, I congratulate Ana and
Ben on their Chubb Group officer appointments to Senior Vice
President," said Ortega. "This honor recognizes their outstanding
leadership of two Chubb core franchises: our Personal Risk Services
business, the nation's leading high-net-worth personal lines
insurer, and Chubb Commercial Insurance, the #2 insurer of middle
market companies in the U.S. Ana and Ben each has over two decades
of experience with Chubb and have made important contributions to
these industry-leading businesses. We have ambitious plans to
continue growing these businesses, and I have great confidence in
their leadership to achieve them.
"Jason Ranucci and Jeff Updyke will apply their expertise and many
years of experience to drive profitable growth in the lower middle
market and small commercial segments. Jason and Jeff are excellent
insurance executives and their addition to the Chubb middle market
and small commercial management team makes our franchise even
stronger."
Ana Robic has more than two
decades of insurance experience in personal and commercial
underwriting and management. She was named Division President,
North America Personal Risk Services in 2021 and previously served
as Chief Operating Officer of the business, which she assumed in
2017. Prior to that, Robic served as Executive Vice President,
National Commercial Insurance Leader, for Chubb in Canada. In earlier roles, she led the Canadian
Underwriting Center and the excess and umbrella division for the
region. Robic joined Chubb in 1999. Robic holds a Bachelor of Arts
degree in Economics and Political Science from Queen's
University.
Ben Rockwell has more than 25
years of insurance experience. He was appointed Division President,
North America Middle Market, in 2019. Rockwell began his career
with Chubb in 1997 as a Casualty Claims Representative and in 1999
became an Underwriter. Throughout his career, he has held a variety
of field and home office underwriting positions, such as Commercial
Underwriting Manager, multi-line Executive Field Underwriter,
Excess Casualty Manager, and Commercial Insurance Primary Casualty
Leader for North America. In 2018,
he was appointed Chief Underwriting Officer of North America
Commercial Insurance. Rockwell has a Bachelor of Arts degree in
Psychology from North Central
College.
Jason Ranucci joined Chubb in
January 2023 as Global Chief
Underwriting Officer, Small Commercial. Previously, for over 15
years, Ranucci held leadership and product management roles in
commercial and personal lines with Travelers and in corporate
development at Aetna. Previously, he served as a Captain in the
U.S. Army Finance Corps, with assignments in Iraq and Germany. Ranucci holds an MBA from the Yale
School of Management and a bachelor's in business from Providence College.
Jeffrey Updyke has more than 30
years of insurance experience. During his career with Chubb, he has
held positions of increasing responsibility in underwriting and
field management in the U.S., including Head of North America Lower
Middle Market; Division President, Chubb Small Business; Northeast
Region Chief Operating Officer; and North America Field Operations
Chief Operating Officer. Updyke began his career at Chubb in 1991
as an excess casualty underwriter.
John DePeters joined Chubb (ACE)
in New York 2013 as a Casualty
Underwriter. He served two years in San
Francisco as Executive Underwriter, Cyber, Technology &
Media before moving to Sydney as
Regional Cyber Underwriter – Asia-Pacific. He was appointed in 2018 to lead
the Cyber Business & Technology Industry Practice for
Australia & New Zealand, and in 2020 was named Head of
Middle Market and Small Commercial for the Asia-Pacific region. DePeters returned to the
U.S. in 2022 to serve in his current role as Senior Vice President,
Underwriting & Portfolio Management, North America Digital.
DePeters has a Bachelor of Arts degree in Economics from
Brown University.
About Chubb
Chubb is a world leader in insurance. 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 40,000 people worldwide. Additional information can
be found at: www.chubb.com.
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SOURCE Chubb Limited