Chubb Tempest Re has appointed Wayne Ashley as Division President, Chubb Tempest Re Worldwide.
The appointment, which is topic to regulatory approval, is anticipated to be efficient on April 1, 2023.
Inside the function, Ashley will report back to Jim Wixtead, Senior Vice President, Chubb Group and President, Chubb Tempest Re. On the identical time, he’ll succeed Stephen Roberts, who is about to retire from the corporate on the finish of April.
Presently, Ashley serves as Deputy Head of the enterprise, nonetheless in his new function he’ll maintain accountability for the general administration and improvement of Chubb Tempest Re’s worldwide P&C reinsurance enterprise.
General, Ashley brings almost 30 years of business expertise in the direction of the function. He joined Chubb Tempest Re in 2006 as Assistant Vice President, Worldwide, and was later promoted to Vice President in 2009, after which Senior Vice President in 2012.
Moreover, in 2017 Ashley would relocate to London. In 2019 he then moved into the deputy function the place he was accountable for all worldwide property traces of enterprise.
Earlier than becoming a member of Chubb, Ashley labored at Alea London, the place he underwrote the Worldwide treaty portfolio. He started his profession in London at Zurich Re in 1994 within the Reinsurance Treaty unit.
Addressing Ashley’s appointment, Wixtead mentioned: “Wayne is a seasoned reinsurance govt who has had management roles at Chubb Tempest Re for greater than 15 years. Having served as deputy head of our worldwide P&C reinsurance enterprise, he’s effectively positioned to guide as division president. I sit up for working with Wayne as we proceed to serve our shoppers on this vital worldwide enterprise.
“We’re extraordinarily grateful for Steve’s years of service and the invaluable management he has supplied to our reinsurance operation. He has performed an vital function in constructing our reinsurance firm’s worldwide presence. We want him all the perfect in his retirement.”
