Chubb promotes Steve Haney to president of global surety division

Chubb Limited (NYSE: CB) announced leadership changes in its surety business, promoting Steve Haney to President and Chief Underwriting Officer of Global Surety and Teresa Black to Division President of North America Surety.

Haney, currently Division President of North America Surety and Chief Underwriting Officer of Global Surety, will assume executive operating responsibilities for strategy, underwriting, and profit and loss across Chubb's global surety operations. He will report to Juan Luis Ortega, Executive Vice President of Chubb Group and President of North America Insurance, and Paul McNamee, Executive Vice President of Chubb Group and President of Overseas General Insurance.

Black, who served as Executive Vice President and Chief Operating Officer of North America Surety, will take over Haney's previous role with executive oversight and profit and loss responsibility for North America operations. She will report to both Haney and Scott Meyer, Senior Vice President of Chubb Group and Chief Operating Officer of North America Insurance.

Haney brings nearly 30 years of underwriting experience to his new position. He joined the company in 1997 as a surety underwriter and previously served as Executive Vice President for ACE's worldwide surety business before it became Chubb.

Black has 28 years of insurance industry experience, with over two decades at Chubb. Her previous roles include Senior Vice President of Distribution Management, Vice President and National Segment Leader for New York, and Assistant Vice President of Chubb's Financial Lines business.

Both appointments became effective immediately, according to the company's press release statement.

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