Prior to this role, Ms. Chiaramonte was Senior Vice President and Chief Operating Officer of Sovereign. In her new role, Ms 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 investors. She will report to John Lupicavice chairman, Chubb Group and president of North America Insurance, and Judy Gonsalvesdepartment president, Chub Bermuda. The appointment is effective immediately.
“Natalie is an astute and professional political risk underwriter with strong market knowledge and following among brokers, clients and partners,” said Evan G. Greenberg, chairman and CEO of Chubb. As Sovereign celebrates its 25th 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 plans to retire from the company. Mr. Lowenstein, who has led Sovereign since he helped found the company in 1997, will help with the transition as an adviser through the end of 2022.
“Price was instrumental in the formation of Sovereign and was actually the first employee of the business,” Mr Lupica said. “I want to thank him for his 25 years of service and building Sovereign into the company it is today. On behalf of Chubb, we wish Price all the best in his retirement.”
Ms. Chiaramonte has more than 25 years of insurance and banking experience. She joined Sovereign in 2001 as a research analyst and transitioned to insurance. She was appointed Senior Vice President in 2015 and Chief Operating Officer in 2020. Prior to joining Sovereign, she was an Assistant Vice President at Bank of Bermuda (now part of HSBC), where she worked in Bermuda, Luxembourg and New York. She holds a bachelor’s degree 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 investors.
Sovereign has underwritten more than 2,000 policies and has a global portfolio that is spread across more than 100 emerging and frontier markets. Sovereign is widely recognized in the international insurance, private equity and export/project finance communities as a sophisticated and reliable risk-sharing partner. Sovereign is also a member of the Berne Union, the global 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 provides commercial and personal property and casualty, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an insurance company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, outstanding financial strength and local operations worldwide. The 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 locations and employs approximately 34,000 people worldwide. Additional information is available at: www.chubb.com
SOURCE Chubb Bermuda