Chubb today announced that Lou Capparelli has been appointed Executive Vice President of Chubb's Global Casualty business unit, which provides a full range of domestic and foreign casualty insurance coverage offerings and service solutions to large national and multinational companies within the company's North America Major Accounts division.
Mr. Capparelli, in this expanded new role, will have overall responsibility of the day-to-day operations for Chubb's full range of global casualty coverage offerings, service and technology solutions. The field operations and core underwriting functions responsible for delivering Chubb Global Casualty's product suite will report to Mr. Capparelli. He will report to Matt Merna, Chief Operating Officer, Chubb North America Major Accounts, and will be based in New York City.
"Lou's industry knowledge and extensive leadership experience within Chubb Global Casualty makes him an ideal fit for this position," said Chris Maleno, Senior Vice President of Chubb Group and Division President of Chubb North America Major Accounts. "Under Lou's leadership, our distribution partners and clients will continue to recognize the breadth of expertise our field network brings to the marketplace, as well as the innovations we provide to help them ensure comprehensive risk management programs are in place."
Mr. Capparelli joined ACE Group in 2002 prior to the acquisition of Chubb in 2016. He most recently served as Executive Vice President of Chubb Global Casualty's Field Operations. In that role, he spearheaded efforts and implemented strategies that centered on delivering Chubb Global Casualty's full range of capabilities and services to distribution partners in Chubb's U.S. and Canadian branch offices. Mr. Capparelli received his Bachelor of Arts dual degree in Economics and Political Science from the University at Albany (SUNY), in Albany, NY, and a Master of Business Administration in Finance from Fordham Gabelli School of Business. He holds the Associate in Risk Management (ARM) professional designation.
Chubb is the world's largest publicly traded property and casualty insurance company and the largest commercial insurer in the United States. With operations in 54 countries, 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 and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at www.chubb.com.