Before this role, Mrs. Chiaramonte served as Senior Vice President and Chief Operating Officer of Sovereign. In her new role, Mrs. Chiaramonte will have executive operational responsibility for the company, which provides political risk and sovereign credit insurance to commercial and investment banks, exporters, multinational corporations, export credit agencies, multilateral agencies and private equity investors. She will report to John LupicaVice Chairman, Chubb Group and President of North American Insurance, and Judy GonsalvesHead of the Division, Chubb Bermuda. The appointment is effective immediately.
“Natalie is a political risk awareness and professional with strong market knowledge and following among brokers, clients and partners,” said Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb. “While the Sovereign celebrates its 25th anniversaryth Anniversary, I am confident that with Natalie’s leadership we will continue to strengthen our market position in this highly specialized field.”
Ms. Chiaramonte succeeds Price Lowenstein, who is planning to retire from the company. Mr. Lowenstein, who has led Sovereign since he helped found the company in 1997, will assist with the transition in an advisory capacity through the end of 2022.
“The award was important in the formation of Sovran and was actually the first employee of the business”, said Mr. Lupica. “I want to thank him for his 25 years of service and for building Sovereign into the company it is today. On behalf of Chubb, we wish Price the best in his retirement.”
Ms. Chiaramonte has more than 25 years of experience in insurance and banking. She joined Sovereign in 2001 as a research analyst and moved to underwriting. She was appointed Senior Vice President in 2015 and Chief Operating Officer in 2020. Prior to joining Sovereign, she was an Assistant Vice President with Bank of Bermuda (now part of HSBC), where she worked in Bermuda, Luxembourg and New York. She holds a BA from Brown University.
About Sovereign, a Chubb company
Sovereign Risk Insurance provides political risk and sovereign credit insurance to commercial and investment banks, exporters, multinational corporations, export credit agencies, multilateral agencies and private equity investors.
Sovrani has underwritten more than 2,000 policies and has a global portfolio spanning more than 100 emerging and frontier markets. Sovrani is widely recognized within the international insurance, private equity and export/project finance communities as a sophisticated and reliable risk sharing partner. Sovrani is also a member of the Berne Union, the worldwide organization of national export credit and investment insurance agencies.
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb offers commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an insurance company, we assess, take and manage risk with knowledge and discipline. We service and pay our claims fairly and quickly. The company is also defined by its broad product and service offerings, extensive distribution capabilities, exceptional financial strength 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, Paris and other countries, and employs approximately 34,000 people worldwide. Additional information can be found at: www.chubb.com
SOURCE Chubb Bermuda