David Furby, who was president of Bermudian-based Ace Tempest Re Group between 2002 and 2005, is to lead Chubb in the European region.

Mr Furby has been named as regional president, European Group, and takes on his new role on July 1. He is currently Chubb’s division president for commercial property and casualty for overseas general insurance.

Evan Greenberg, chairman and chief executive officer of Chubb, said: “David has broad, deep and exceptional industry experience. In his career, he has been a broker, an underwriter for a Lloyd’s syndicate, managed our reinsurance business, and led our insurance operations on the Continent and then our commercial P&C business across our international division. David has proven he’s ready for this important role, and I have every confidence in his abilities and skill as a leader to drive sustained growth and profitability across the UK and continent.”

Andrew Kendrick, who has led Chubb’s European operations since 2004, is retiring. He will continue to serve as executive chairman of the European Group until the end of the year.