Chubb has appointed Steven Reiss as executive vice president for real estate and hospitality (“REH”).
In this role, Mr. Reiss will be responsible for the underwriting strategy, production, marketing, product development and management, and profit and loss performance for the company's REH industry practice within its North America major accounts division, which serves the large corporate marketplace.
Mr. Reiss will be based in New York and will report to Chris Maleno, president of the North America major accounts division at Chubb.
“On October 10, 2016, our company lost one of our close friends and colleagues, Andrew Hurley, leader of the major accounts real estate and hospitality industry practice. We were profoundly saddened by Andrew's passing. He was a consummate professional, who represented the best of our company, and will be sincerely missed by all who knew him,” said Mr. Maleno.
“Chubb remains committed to our real estate and hospitality industry practice. I am happy to welcome Steve back from our Continental European operations to the United States and name him as the leader of our real estate and hospitality industry practice. Steve's global knowledge and management skills, proven track record as the leader of one of our busiest U.S. regions, and in-depth property and casualty underwriting and brokerage experience make him the ideal individual to lead our REH practice. Steve and the strong talent and senior management team within our REH industry practice will allow us to continue to carry out our strategy and commitment to this space.”
Mr. Reiss will lead Chubb's team of underwriters, risk engineers, and service specialists across multiple lines of business to deliver insurance solutions to the real estate and hospitality industries. Chubb noted in a statement that its REH industry practice serves United States and Canadian real estate owners and managers as well as hospitality-related companies, offering a suite of insurance coverages including:
- Casualty: Primary and excess, foreign, environmental, and owner controlled insurance program (“OCIP”) wraps;
- Property: Shared and layered, ground up, and builders' risk;
- Financial Lines: Errors and omissions, directors and officers, fiduciary liability, employee practices liability, privacy and network security, crime, kidnap/ransom and extortion, and transactional risk (representations and warranties); and
- Accident and health.
Mr. Reiss has more than 25 years of global underwriting, distribution, and client management experience in commercial insurance lines. He most recently served as chief operating officer in Continental Europe.
Mr. Reiss joined legacy ACE in July 2005 as Mid-Atlantic regional executive officer. He spent 15 years with a large brokerage firm, where he held various management positions including managing director for its Japan client services segment.
Mr. Reiss began his career as a professional associate with a global property and casualty insurer in its large account primary casualty underwriting unit.
He received his B.A. in political science and economics from Fordham University in New York.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].