Chubb Tempest Re has named Sam Peters as division president of Chubb Tempest Re Bermuda.

Currently, Mr Peters serves as chief actuary for both this business and for Chubb Bermuda, which provides excess casualty, professional liability and property products.

In his new role, the company said Mr Peters will have management responsibility for Chubb Tempest Re Bermuda and the property catastrophe reinsurance solutions it provides to primary carrier clients around the world.

The appointment, which is expected to become effective on March 1, is subject to approval by the Bermuda Department of Immigration.

Jim Wixtead, senior vice president, Chubb Group, and president, Chubb Tempest Re, said: “Sam is a talented executive who will transition seamlessly into his new role. He is intimately familiar with the Chubb Tempest Re portfolio and client base as well as an expert in the property catastrophe space. I look forward to working with Sam as we continue to differentiate Chubb Tempest Re in the marketplace.”

The company said Mr Peters has 18 years of insurance industry experience. He joined Chubb in 2006 and has held a series of roles with increasing responsibility in the actuarial department. Prior to joining Chubb, Mr Peters was an actuarial analyst with Amica Mutual Insurance.

He holds a Bachelor of Science degree in Business Administration from Bryant College in Rhode Island. He is a fellow of the Casualty Actuarial Society.

Mr Peters will continue to be based in Hamilton, the company said.