Chubb announced the appointment of Tim Benson as Executive Vice President, Multinational Insurance Leader, effective October 30. Tim succeeds Laura Vest, who is retiring from the company after 20 years.

Tim Benson will oversee strategy, product and business development, underwriting operations, and profit and loss performance across large, middle, and small businesses, as well as wholesale accounts, for Chubb’s multinational book of business, the company said.

“Chubb’s ability to offer solutions for commercial customers with international exposures is a key differentiator in the market. Tim’s extensive industry experience and long tenure with our organization will be an invaluable asset to Chubb’s Multinational Insurance business unit as it continues to grow and evolve”, commented Matthew Merna, Division President, North America Major Accounts.

“Tim’s track record of success at Chubb and proven leadership skills are an ideal fit for his new role. We are excited to see him bring Chubb’s full scope of multinational capabilities to our clients and distribution partners”, added Ben Rockwell, Division President, Chubb Middle Market.