Chubb promotes Parmar & Crosby to lead overseas ceded reinsurance

Chubb promotes Parmar & Crosby to lead overseas ceded reinsurance

U.S. and international primary insurance provider and reinsurance business Chubb has named two new reinsurance buyers for the carriers global service, under the Chubb Overseas General brand.Chubb Overseas General, the businesss global general insurance business, operates in more than 50 territories and countries, so the reinsurance arrangements for this group are crucial to the business.
Sunil Parmar and Alexander Crosby will now lead the delivered reinsurance business for this section, being collectively promoted to the functions of Vice President and Senior Reinsurance Officer, Chubb Overseas General (COG).
The relocation sees this pair prospering Jeremiah Konz who was recently appointed Chief Reinsurance Officer, Chubb.
In their new positions, Parmar and Crosby will now be responsible for treaty reinsurance purchases within Chubb Overseas General (COG) worldwide.
The pair will report to Timothy ODonnell, Vice President, Chubb Group, Division President, Commercial Property and Casualty, Overseas General Insurance and likewise to Jeremiah Konz in these brand-new positions.
Timothy ODonnell commented, “I am delighted that we are able to promote Sunil and Alex to this crucial role. Reinsurance is a vital element of our insurance coverage service operation and a fundamental part of how we manage risk. Both Sunil and Alex bring with them not just deep proficiency and experience but also impressive technical and analytical skills and I anticipate dealing with them in their brand-new posts.”
Parmar was previously Senior Reinsurance Officer at Chubb European Group and he will continue to be based in London.
Parmars reinsurance obligations will consist of managing and carrying out the purchase of home, casualty, financial lines, marine, specialty and air travel treaties throughout Chubb Overseas General.
He has over 17 years experience handling ceded reinsurance purchasers in London, Paris, Tokyo and Sydney and in the previous worked for Montpelier Re and Guy Carpenter in a variety of reinsurance roles.
Crosby also continues to be based in London and takes on duty for managing and carrying out the purchase of monetary lines, energy, political threat and other Chubb Overseas General reinsurance positionings.
Crosby has actually held a series of actuarial functions at Chubb prior to joining the Ceded Reinsurance group, working as an actuary across rates, reserving and capital modelling and has over 15 years experience handling delivered reinsurance purchasers in London, Miami and São Paulo.

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