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Chubb CFO to retire | Insurance coverage Enterprise


Chubb has announced that Philip Bancroft, Chubb Group’s executive vice president and chief financial officer, will leave the company on July 1st after 19 years of service. Peter Enns will join the company on or before April 1 as Executive Vice President of Finance, succeeding Bancroft upon retirement.

Enns has more than 30 years of experience in finance and investment banking. He spent more than 20 years at Goldman Sachs in a variety of senior positions, including partner in the US Financial Institutions Group, head of the Asia Financial Institutions Group and chief executive of operations in Canada. Most recently, Enns was Co-Head of Investment Banking Coverage for HSBC.

At Chubb, Enns will report to Evan G. Greenberg, Chairman and CEO, and join the company’s Executive Committee. Bancroft is expected to remain with Chubb in an advisory capacity through the end of the year.

Continue reading: Chubb Appoints Key Executives in North American Business Units

“On behalf of all of my colleagues and our board of directors, I would like to extend our deepest thanks to Phil Bancroft,” said Greenberg. “Phil has contributed a lot to the success of our company in almost 20 years. He has become a key member of the executive team that helped make the company what it is today – the world’s largest publicly traded property and casualty insurer. Under his leadership, Phil built and maintained an excellent finance team. I wish Phil and his wife Denise the best of luck in their retirement. “

Greenberg also welcomed Enns to the company.

“Peter and I have known each other for over 15 years,” he said. “He has the right background to lead our finance organization, with a proven track record in corporate finance, investment banking, accounting and public markets. Peter’s extensive financial services experience includes property, casualty and life insurance as well as asset management. He is a seasoned international manager with deep knowledge and operational experience in the Asia region, including China. His character, integrity and style are a great fit for Chubb culture. “

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