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Chubb Group of Insurance Companies: Chubb Names Stuart A. Spencer Chief Operating Officer of Its Worldwide Accident & Health In

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  Published in Business and Finance on Tuesday, May 19th 2009 at 9:01 GMT, Last Modified on 2009-05-19 09:02:28 by Market Wire
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WARREN, NJ--(Marketwire - May 19, 2009) - The Chubb Group of Insurance Companies has named Stuart A. Spencer to the position of chief operating officer of Worldwide Accident & Health, effective June 1. He will report to Andrew A. McElwee, Jr., executive vice president of Chubb & Son and chief operating officer of Chubb Personal Insurance.

Spencer joins Chubb from American International Group, where he served as president of the Worldwide Accident and Health Division of AIG's Life Companies. Prior to joining AIG in 1996, Spencer was a partner and chief operating officer of The Golden Rule LLC and director of corporate card marketing at American Express. Spencer has a bachelor's degree from Brandeis University and a master's degree from The Fletcher School of Law and Diplomacy.

"I am pleased to welcome Stuart to Chubb," said McElwee. "He brings with him a wealth of experience in managing a multi-billion-dollar global accident and health business."

"I am extremely delighted to be joining Chubb," said Spencer. "Being part of a world-class organization committed to expanding its presence in the growing and profitable global accident and health market represents a tremendous opportunity."

Member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers through 8,500 independent agents and brokers worldwide. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia. For more than 30 years, Chubb has offered accident and health insurance solutions to employer groups and credit card enhancements to financial institutions. More information on Chubb's accident and health products can be found at [ www.chubb.com/businesses/accident/chubb4688.html ].