While appointing three executives who have joined the business unit leadership team, Chubb announced the name for its brand-new global climate business division, Chub Climate +.
Businesses engaged in creating or using new technologies and processes that support the transition to a low-carbon economy will receive insurance products and services from Chubb Climate +, which was introduced in January. In order to assist those managing the effects of climate change, the business unit also offers risk management and resilience products.
According to Matthew McMullin, head of Chubb Climate+ in North America, the new title and visual identity reflect the value proposition of our global climate business unit, which is about enabling climate change progress globally, at an industry level, and in local communities. We are combining our practices in traditional, alternative and renewable power, climate technology, agribusiness, and risk engineer services while drawing on Chubbs considerable technical capacities in underwriting.
According to Matthew Hardy, head of Chubb Climate + for the company's general insurance operations in 51 countries and territories outside of the U.S., Canada, and Bermuda, the benefit of climate + is that it will have a positive impact and add value for our clients across all industries as they move toward the low-carbon future and take action to be resilient to the threat of changing climate. We can scale to meet the expansion and requirements of clients, no matter how complicated, by providing a broad and extensive variety of danger transfer and danger engineering solutions.
On the Chubb Climate + leadership team, McMullin, Hardy, and Margaret Peloso, a global climate officer, have joined Jared Concannon, Melanie Markwick-Day, Maria Guercio.
Guercio, Maria
Maria Guercio has been named the North American ruler in Climate Tech Industry Practice. She is in charge of expanding Chubbs' underwriting profile and developing cutting-edge solutions to assist Climate Tech companies that prioritize effective and sustainable resource, product, service, and technology use in an effort to lessen the effects of climate change. Guercio, who is skilled in a variety of business practices and lines, previously held management positions in the Montreal tree, the Northern Underwriting Center, and as Commercial Insurance manager.
She started working for Chubb in 2003 and worked as a senior underwriter there from 2005 to 2008. Guercio holds her CIP Designation and graduated with a bachelor of commerce from the John Molson School of Business.
Day Melanie Markwick
Melanie Markwick - Day has been named Natural Resources headland, Chubb Overseas General. She contributes her enthusiasm and underwriting experience to businesses moving toward lower-carbon choices in this position. Prior to her current position, Markwick - Day was head of Upstream Energy and Offshore Renewables for Chubb Global Markets, where she provided solutions - based risk transfer assistance to pure renewable energy companies as well as existing oil and gas clients as they transitioned to green technology. In that capacity, Markwick-Day oversaw the introduction of Chubbs' onshore renewables material line. Markwick - Day joined Chubb Overseas General in 2020 as a senior underwriting agent.
She began her insurance profession in 2009 as a claims specialist for a Lloyds of London syndicate. Markwick - Day holds a master level in Geography, Life, and Environmental Sciences from the University of Oxford.
Jared Concannon
Jared Concannon has been named headland of Climate Tech for Chubb Overseas General. He is responsible for ensuring that climate technology companies are protected from the distinctive dangers associated with their operations. Prior to his current role, Concannon served as head of Developing Industry Practices, where he was tasked with developing Chubbs property and casualty business practices for press, healthcare, enhanced production, and climate technology across its international activities.
He joined Chubb in 2013 as a professional associate in the North America Financial Lines Division and has also served in various underwriting functions. He holds a bachelor of arts degree from Colgate University and a Master of Business Administration from New York Universitys Stern School of Business.
The appointments are efficient soon. Guercio reports to McMullin, and Markwick - Day and Concannon report to Hardy.
