Chubb Limited announced that Frances O’Brien has been appointed executive vice president, Chubb Group, and chief risk officer, effective April 1.

Previously, O’Brien was senior vice president, Chubb Group, and deputy chief risk officer, a position she held since January 2022. In her new role, she will have executive responsibility for Chubb’s enterprise risk management organization and the effective execution of the company’s enterprise risk strategies and processes.

O’Brien has more than 40 years of insurance industry experience. She was appointed SVP, Chubb Group, and division president, North America Personal Risk Services in 2016 and led that business until January 2022. Prior to ACE’s acquisition of Chubb in 2016, she was SVP, chief risk officer of Chubb Corporation, with global responsibility. She joined Chubb as an actuarial trainee and served in positions of increasing responsibility in actuarial, product development and underwriting.

Sean Ringsted, formerly Chubb’s CRO, will continue to serve as EVP, Chubb Group, and chief digital business officer, leading the expansion of the company’s digital business unit globally and having responsibility for the use of data and analytics to drive decision-making insights across the company. He will remain a core member of the Risk Underwriting Committee.

Ringsted has more than 30 years of experience in the insurance industry. He has served as CRO of the company since 2008 and, in 2017, was appointed to the additional role of chief digital officer. Prior to ACE’s acquisition of Chubb in 2016, he was CRO and chief actuary of ACE Limited. Ringsted’s previous leadership roles include serving as EVP and CRO for ACE Tempest Re and SVP and chief actuary for ACE Tempest Re. Prior to ACE, he was a consultant at Tillinghast-Towers Perrin.

“This change in executive leadership responsibilities recognizes the significant opportunity we have to harness our resources and deploy cutting-edge technologies, including machine learning, artificial intelligence and large-scale data, to deliver business value and strategic advantage to Chubb’s businesses. Under Sean’s leadership we will also continue to expand Chubb’s digital product and service offerings,” said Evan G. Greenberg, chairman and CEO of Chubb Limited.

O’Brien and Ringsted will both report to Greenberg and John Keogh, president and chief operating officer.

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AXIS Capital Holdings Limited announced that Megan Watt has joined the company as chief claims officer, effective April 17.

She will be based in New York and will report directly to Vince Tizzio, CEO Specialty Insurance and Reinsurance, and future Group CEO (effective May 4, 2023).

Watt will be responsible for the overall management and direction of the claims department across the company’s global portfolio. In addition, she will lead the evaluation, design and implementation of claims policies and procedures.

Watt joins AXIS from Chubb, where she was the head of North America Complex Claims. Previously, she served as chief claims officer for Everest, and prior to that, held claims leadership roles with increasing levels of responsibility at AIG.