Chubb names division president of Sovereign Risk Insurance

Chubb Ltd. said Monday that Natalie Chiaramonte has been promoted to division president of Sovereign Risk Insurance Ltd., a Chubb company that underwrites political risk insurance and reinsurance.

Ms. Chiaramonte, who is based in Bermuda, was most recently senior vice president and chief operating officer of Sovereign. She will report to John Lupica, vice chairman, Chubb Group, and president of North America Insurance, and Judy Gonsalves, division president, Chubb Bermuda.

Ms. Chiaramonte succeeds Price Lowenstein, who plans to retire from the company and will assist with the transition in an advisory capacity through the end of 2022.

Sovereign Risk serves commercial and investment banks, exporters, multinational corporations, export credit agencies, multilateral agencies and private equity investors, according to a Chubb statement.