Howden Specialty announced the appointment of Severin Hegelbach as divisional director. In this newly created role, Hegelbach will lead a renewable energy advisory service, focused on providing in-depth risk advice for clients, sponsors, lenders, investors, retail and other partners.
The objective of this new service is to offer an early “de-risking” approach, which in turn delivers long-term cost efficiencies for clients, said Howden, explaining that this appointment represents more investment in specialized expertise as Howden commits to bolstering its sustainable energy business.
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Hegelbach joins from Willis Towers Watson, where he was divisional director in the Financial Solutions team, focused on providing insurance and risk management advice to lenders on structured project finance deals across the world. Prior to this, he worked as an energy underwriter for Swiss Re, handling power and utilities, oil and gas, and mining risks. He has also held positions at Credit Suisse, Siemens and the Advisory House.
Based in São Paulo, Brazil, Hegelbach will report to head of Sustainable Energy, Deborah Duss, and will work with the sustainable energy team across Howden Specialty’s hubs in London, Miami, Singapore, Dubai, Bermuda and Luxembourg. At the same time, he will collaborate with colleagues in the Howden Brazil team on local initiatives.
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Chubb announced it has appointed Glen Browne as division president, Consumer Lines, Asia Pacific, with effect from July 1, 2021, in addition to his role as deputy regional president for Asia Pacific.
In this newly created position, Browne will oversee the accident and health and personal lines businesses in the region. He will also have oversight for direct marketing, consumer partnerships and digital distribution for both the company’s general and life insurance divisions in Asia Pacific.
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Browne will continue to be based in Singapore and report to Paul McNamee, Chubb’s regional president for Asia Pacific, and he will work closely with Brad Bennett, Chubb Life’s chief operating officer.
With over 25 years of industry experience, Browne joined the company, then known as ACE, in New Zealand in 2000 and has been promoted to roles of increasing responsibility over his career – most recently to deputy regional president for Asia Pacific and division president, Southeast Asia.
“The new Consumer Lines division will bring to bear the full breadth of Chubb’s capabilities to deliver the best customer product and service solutions in a seamless way, and agnostic to the product, channel and delivery method,” said McNamee. “This is a response to the evolving customer and growing partnership dynamics of our business, which will necessitate the sharing of data, technology and talent to deliver superior customer and partnership outcomes.”
Topics Energy Chubb Willis Towers Watson
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