Chubb, the fifth-largest surety underwriter in the U.S., said Aug. 25 it appointed Richard Barnett executive vice president, head of North America Construction Surety.
Barnett will be responsible for the underwriting, strategy and product management of construction surety products and services offered through Chubb’s global large accounts segment. He will report to Stephen Haney, vice president, Chubb Group; division president North America surety; and chief underwriting officer, Global Surety.
Prior to this appointment, Barnett served as surety director of engineering and construction, where he had underwriting responsibility for the Whitehouse Station-based property and casualty insurance company’s large construction clients. He began his career at Chubb in 1986 as a surety underwriter, and throughout his tenure has held a number of leadership roles with increasing responsibilities in North America and internationally.
“Rich has close to four decades of global surety experience, with 35 years of them being at Chubb,” said Haney. “Having someone of his caliber and global underwriting experience in this role will help us continue to provide qualifying firms the surety capacity needed to support a wide range of projects.”
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