Chubb Limited has announced the appointment of Scott Henck as Senior Vice President, Chubb Group and Chief Actuary, effective April 1. Henck, who currently serves as Executive Vice President and Chief Actuary for North America, will take over from Paul O’Connell, who is retiring after a four-decade career in the property and casualty insurance sector.
In his new position, Henck will be responsible for all actuarial functions at Chubb, including reserving, pricing, and capital performance measurement. He will report to Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited and Chubb Group, as well as Peter Enns, Executive Vice President, Chubb Group and Chief Financial Officer.
“On behalf of all of us at Chubb and me personally, I want to thank Paul for his many contributions, outstanding judgment and deep professionalism over his distinguished career,” said Greenberg. “Paul has been an important steward of Chubb’s actuarial capabilities, and we wish him all the best in his retirement.”
“We are pleased to appoint Scott to lead Chubb’s global actuarial functions. He is an accomplished actuary and proven leader whose deep technical expertise and understanding of our businesses will ensure we continue to manage risk with the rigor and excellence that define our company.”
Peter Enns added: “Scott’s analytical acumen and collaborative leadership style make him the ideal successor to further drive the excellence of our global actuarial operations.”
Cynthia Bentley will step into Henck’s previous role as Executive Vice President, North America Chief Actuary. Bentley is currently Senior Vice President and Head Actuary of North America Commercial Insurance. She will report to Henck and Juan Luis Ortega, Executive Vice President, Chubb Group and President, North America Insurance.
Ortega commented: “Cynthia’s appointment is a reflection of her outstanding track record and the tremendous impact she has had on our company. I’m confident she will continue to drive innovation and further strengthen our actuarial capabilities across our North America businesses.”
Henck joined Chubb in 2002. He most recently served as Chief Actuary for North America since 2019. His previous roles include founding the Actuarial Insights, Business Intelligence, and Advanced Analytics unit for Global Claims. Henck holds credentials as a Fellow of the Casualty Actuarial Society (FCAS), Member of the American Academy of Actuaries (MAAA), Chartered Property Casualty Underwriter (CPCU), and is a graduate of Lebanon Valley College.
Bentley brings more than thirty years’ experience in insurance and actuarial roles. Before her current position she led Major Accounts Actuarial support for Property & Specialty as well as Financial Lines. She is a graduate of Bucknell University and a Fellow of the Casualty Actuarial Society.
Chubb operates in 54 countries and territories worldwide according to its official website. The company offers commercial and personal property and casualty insurance along with supplemental health coverage products globally [source]. Following its 2016 acquisition that formed its current structure under Greenberg’s leadership [source], Chubb has continued expanding its presence internationally [source].
Further information about Chubb can be found at www.chubb.com.
