With over two decades in the insurance industry, Michael Mollica has been named division president for Chubb‘s North America Financial Lines businesses, effective immediately, according to a Monday announcement.
Mollica currently serves as executive vice president, head of private/not-for-profit business for the division. In his new role, he will have executive oversight of Chubb’s management and professional liability lines of business, which span public, private, not-for-profit and financial institutions directors and officers coverages, transactional risk, as well as its errors and omissions and cyber products. In addition, he will have responsibility for the division’s strategy, product and business development, underwriting operations and profit & loss performance.
Mollica will report to John Lupica, vice chairman, Chubb Group, and president, North America Insurance.
“Mike has been a proven leader in our Financial Lines division since he joined Chubb nearly 15 years ago,” Lupica said. “He is an experienced executive with strong technical underwriter skills and deep insight into the financial lines market and our customers’ and distribution partners’ needs. I am pleased to welcome Mike to this role, where he will manage an industry-leading team with deep bench strength. He is well positioned to further grow and develop Chubb’s Financial Lines business.”
Based in New York, Mollica has over two decades of insurance industry experience. Since joining Chubb in 2008, he has held a variety of leadership positions in underwriting in the Financial Lines space.