Chubb Limited (NYSE: CB) announced that Scott Henck, Executive Vice President and Chief Actuary, North America, has been appointed Senior Vice President, Chubb Group and Chief Actuary. He succeeds Paul O’Connell, who is retiring after a 40-year career in the property and casualty insurance industry. The appointment is effective April 1.
In his new role, Henck will oversee all actuarial functions, including reserving, pricing and capital performance measurement. He will report directly to Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited and Chubb Group and to Peter Enns, Executive Vice President, Chubb Group and Chief Financial Officer.
“On behalf of all of us at Chubb and me personally, I want to thank Paul for his many contributions, outstanding judgment and deep professionalism over his distinguished career,” said Greenberg. “Paul has been an important steward of Chubb’s actuarial capabilities, and we wish him all the best in his retirement.”
“We are pleased to appoint Scott to lead Chubb’s global actuarial functions. He is an accomplished actuary and proven leader whose deep technical expertise and understanding of our businesses will ensure we continue to manage risk with the rigor and excellence that define our company.”
Enns added, “Scott’s analytical acumen and collaborative leadership style make him the ideal successor to further drive the excellence of our global actuarial operations.”
Cynthia Bentley, currently Senior Vice President and Head Actuary of North America Commercial Insurance, will succeed Henck as Executive Vice President, North America Chief Actuary.
She will report to Henck and Juan Luis Ortega, Executive Vice President, Chubb Group and President, North America Insurance, who added, “Cynthia’s appointment is a reflection of her outstanding track record and the tremendous impact she has had on our company. I’m confident she will continue to drive innovation and further strengthen our actuarial capabilities across our North America businesses.”