ZURICH, Jan. 15, 2021 /PRNewswire/ — Chubb these days declared that Philip Bancroft, Executive Vice President of Chubb Team and Main Money Officer, plans to retire from the business on July 1 after 19 many years of assistance. Peter Enns has agreed to join the business on or right before April 1 as Government Vice President, Finance, Chubb Group and realize success Mr. Bancroft upon his retirement.
Mr. Enns has more than 30 several years of finance and investment banking experience. He invested in excess of 20 many years with Goldman Sachs in numerous senior roles, together with husband or wife of the firm’s U.S. Monetary Institutions Group based mostly in New York, head of its Asia Fiscal Institutions Group based in Hong Kong, and main executive of its organization functions in Canada. Additional just lately, Mr. Enns held a variety of roles with HSBC, which include his past assignment as World-wide Co-Head of Expenditure Banking Protection centered in Hong Kong.
Mr. Enns will report to Evan G. Greenberg, Chairman and Main Govt Officer, and be a part of the company’s Government Committee. Mr. Bancroft is expected to continue being with the enterprise in an advisory capacity for the equilibrium of the yr and be accessible to aid Mr. Enns.
“On behalf of all my colleagues and our Board of Administrators, I want to increase our deepest gratitude to Phil Bancroft,” stated Mr. Greenberg. “Phil has contributed a excellent deal to our company’s accomplishment about his nearly 20 many years. He has been a vital member of the government workforce that assisted transform the corporation to develop into what it is nowadays, the world’s greatest publicly traded residence and casualty insurance provider. Under his management, Phil has developed and groomed an fantastic finance staff. I want Phil and his spouse Denise considerably pleasure in his retirement.”
“I am delighted to welcome Peter Enns to Chubb,” Mr. Greenberg reported. “Peter and I have acknowledged every other for extra than 15 many years. He has the correct qualifications to lead our finance corporation, with proven expertise in company finance, financial commitment banking, accounting and public marketplaces. Peter’s broad practical experience across economical products and services involves residence, casualty and lifetime insurance plan as very well as asset management. He is a seasoned intercontinental executive with deep understanding and running expertise in the Asia region, which includes China. His character, integrity and fashion are an exceptional in shape for the Chubb lifestyle.”
Mr. Enns joined Goldman Sachs in 1996 and for more than two decades held positions of increasing authority. He served as Chairman and CEO of Goldman Sachs Canada from 2014 to 2017 Head of the Asia Fiscal Institutions Team from 2010 to 2014 and Husband or wife of the U.S. Fiscal Establishments Group from 2006 to 2010. Earlier in his Goldman Sachs profession he served as Taking care of Director and Senior Protection Banker for the North The usa Economic Establishments Group and as Vice President, Managing Director and Senior Protection Banker for Goldman Sachs Canada. Mr. Enns joined HSBC in 2018 as Worldwide Head, Monetary Establishments Group and subsequently served as International Co-Head of Corporate Finance Coverage and, most recently, as World-wide Co-Head of Expense Banking Protection.
Mr. Enns holds an MBA diploma in Finance and Accounting from the Wharton Faculty of Organization, University of Pennsylvania, and a Bachelor of Organization degree from the University of Western Ontario. Mr. Enns is a Chartered Economic Analyst.
Chubb is the world’s major publicly traded property and casualty insurance policies firm. With operations in 54 countries and territories, Chubb delivers commercial and personalized home and casualty insurance policies, particular accident and supplemental overall health insurance policy, reinsurance and lifetime insurance policy to a varied group of consumers. As an underwriting corporation, we assess, presume and take care of chance with insight and willpower. We service and pay out our claims relatively and instantly. The enterprise is also defined by its extensive product or service and services choices, wide distribution abilities, fantastic financial energy and regional operations globally. Mother or father enterprise Chubb Limited is listed on the New York Inventory Trade (NYSE: CB) and is a part of the S&P 500 index. Chubb maintains government places of work in Zurich, New York, London, Paris and other locations, and employs around 33,000 individuals worldwide. Added info can be uncovered at: www.chubb.com.
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