Steve Haney, Vice President, Chubb Group and currently Division President of North America Surety and Chief Underwriting Officer of Global Surety, has been promoted to President and Chief Underwriting Officer (CUO) of Global Surety, Chubb said in its press release.

Steve will be succeeded by Teresa Black, Executive Vice President and Chief Operating Officer of North America Surety, who has been promoted to Division President of North America Surety. Both appointments are effective immediately.

In this new role, Steve will have executive operating responsibilities for strategy, underwriting, and Profit and Loss (P&L) across Chubb's Global Surety business. "Steve's depth of experience in global surety sets him apart as a driving force in the industry, making him uniquely qualified to shape our strategy and deliver exceptional value to clients", commented Juan Luis Ortega, Executive Vice President, Chubb Group and President of North America Insurance.

Teresa's new role will have executive oversight and P&L responsibility in North America. "With Teresa's exceptional and diverse underwriting expertise, over a decade of proven leadership including serving as Chief Operating Officer in our Surety business, and her distinguished career in multiple facets of this business including financial lines and regional operations, she embodies the qualities needed to drive continued success for us and our clients", said Scott Meyer, Senior Vice President, Chubb Group and Chief Operating Officer (COO) of North America Insurance.