WHITEHOUSE STATION, N.J., April 8, 2016 /PRNewswire/ -- Mark S. James has been appointed Senior Vice President, Commercial Marine Insurance for Chubb's North America Commercial Insurance division. In his new role, Mr. James will be responsible for leading the growth and development of Marine insurance products and loss prevention services for mid-size companies with inland and ocean marine exposures.
"By appointing Mark to this position, we are sending a clear message that Chubb intends to maintain and build its leadership position in the marine insurance marketplace," said Steven R. Pozzi, Division President, North America Commercial Insurance. "Mark began his career in Chubb's marine business and possesses in-depth industry knowledge, experience and leadership skills that will help us grow our marine business and serve our customers well."
Mr. James will be based in Whitehouse Station, NJ, and will report to Paul L. Lewis, Chief Underwriting Officer, North America Commercial Insurance.
"Mark is a seasoned executive who brings valuable business and marine underwriting experience to this important role. His appointment exemplifies Chubb's commitment to offer the marketplace industry-focused underwriting expertise as well as innovative middle-market property and casualty coverages and services," said Mr. Lewis.
Mr. James has more than 25 years of insurance industry experience, most recently serving as Senior Vice President, Ceded Reinsurance at Chubb, and has held various underwriting and financial management positions throughout his career. He joined Chubb in 1987 as a Marine trainee and progressed into senior- and executive-level positions, including Property and Marine Manager for Chubb's Southern Zone and Worldwide Reinsurance Manager.
Chubb's history in the marine insurance business dates back to 1792, when a predecessor company, the Insurance Company of North America, issued its first marine policy. Today, Chubb serves the marine industry through a network of experienced underwriters, claim specialists, risk engineers, and recovery specialists. It provides marine liability, ocean cargo and ocean marine hull coverage solutions, as well as more than 40 specialized inland marine products in construction, leased property and installment sales, special property, and transportation.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.