Chubb

Alex O’Brien succeeds David Kirk, who retained his cargo product head responsibilities following his promotion to head of marine in July.

The executive spent over 40 years at Chubb, first joining the carrier back in 1982 as a trainee.

The executive succeeds Steven Goldman who has left the company, and will report to John Lupica, vice chairman of Chubb Group.

The executive assumes the role from Bill Hazelton, who was recently made head of North American industry practices.

Prior to approval, the commercial carrier owned 47.3% of the Chinese insurance group.

Sources said Miami-based Everest fac VP Sean Berry is set to move to London as head of international property.

The insurer expects to pay the remaining $600mn liability within the next 12 months.

Discussion on Q3 earnings calls focused heavily on the supply-demand imbalance in cat capacity, as executives discussed how they would navigate a challenging January renewal.

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Inside P&C’s morning summary of the key stories to get you up to speed fast.

The commercial lines giant is continuing to execute on its long-term vision of pursuing a global balanced book of business.