New Bermuda name Chubb has announced its management team on the island.

Chubb, the new name for the combined Ace and Chubb insurance companies, will be headed by Joseph Clabby as division president, Bermuda and global accounts.

A spokesman for Chubb said: “In his Bermuda role, Mr Clabby has executive operating responsibility for the Bermuda-based commercial property and casualty insurance business that writes high-excess liability, property, political risk and directors and officers coverages worldwide.”

New appointments by Chubb are April Andruczyk, who is senior vice-president, head of excess liability.

Philippe Bacon has been named as senior vice-president, head of financial lines, while Richard Porter has been appointed senior vice-president, general counsel.

Mr Porter has taken over as general counsel from Joshua Schwartz, who has left Bermuda to join Chubb’s legal operations in the US.

Price Lowenstein will continue in his role as division president, Sovereign Risk Insurance Ltd, a wholly-owned subsidiary set up to underwrite political risk insurance.

Judy Gonsalves will continue as executive vice-president and chief underwriting officer, with leadership responsibility for liability, property and financial lines.

Robert Rebellato will continue as senior vice-president, head of excess property and Allison Towlson will remain as senior vice-president with responsibility for distribution and operations for all lines of business.

The senior vice-president, chief financial officer role will continue to be occupied by George Ohsiek, while Jeff Trimarchi will keep his senior vice-president, claims and claims counsel post.

John Lupica, vice-chairman of Chubb and president of North America major accounts and speciality insurance said: “Our Bermuda insurance operation, with 30 years of experience in the excess marketplace, is a significant contributor to Chubb North America’s operating results.

“Our leadership team has deep knowledge of the market, solid broker relationships and a solutions-focused approach to our clients’ priorities.

“We expect that this strong leadership team in Bermuda will continue to drive superior results for the new Chubb organisation.”

Ace completed its takeover of Chubb in January and the firm is expected to become Chubb Bermuda in the second quarter of this year, although Chubb branding has already appeared on the company’s Hamilton headquarters.

Chubb is the world’s largest publicly-traded property and casualty insurance company, with operations in 54 countries.

The company has executive offices in Zurich, New York, London and other locations and employs around 30,000 worldwide.