Chubb Fortifies Actuarial Leadership for a Data-Driven Future

ZURICH – February 19, 2026 – In a significant move underscoring its commitment to analytical rigor and strategic continuity, global insurance leader Chubb Limited (NYSE: CB) has announced a major leadership transition within its actuarial division. Scott Henck, a 22-year company veteran, has been promoted to Senior Vice President, Chubb Group and Chief Actuary. He will succeed Paul O'Connell, who is retiring after a distinguished 40-year career in the property and casualty insurance industry.

The appointments, effective April 1, also see Cynthia Bentley elevated to Executive Vice President, North America Chief Actuary, filling the role vacated by Henck. This carefully orchestrated succession highlights Chubb's deep bench of internal talent and signals a continued focus on leveraging sophisticated data analysis to navigate an increasingly complex global risk landscape.

A Strategic Succession for a Critical Function

The transition is marked by the retirement of a long-serving leader and the promotion of proven internal successors, a hallmark of robust corporate governance. Paul O'Connell's departure marks the end of an era, with his four-decade career leaving a significant imprint on the industry and on Chubb's reputation for actuarial soundness.

Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb, acknowledged O'Connell's legacy in a statement. "On behalf of all of us at Chubb and me personally, I want to thank Paul for his many contributions, outstanding judgment and deep professionalism over his distinguished career," Greenberg said. "Paul has been an important steward of Chubb's actuarial capabilities, and we wish him all the best in his retirement."

Stepping into this pivotal global role, Scott Henck will now oversee all of Chubb's actuarial functions worldwide, including reserving, pricing, and capital performance measurement. He will report directly to both CEO Evan Greenberg and Chief Financial Officer Peter Enns, a structure that emphasizes the strategic importance of the actuarial function to the company's highest levels of leadership.

Greenberg expressed strong confidence in the appointment. "We are pleased to appoint Scott to lead Chubb's global actuarial functions. He is an accomplished actuary and proven leader whose deep technical expertise and understanding of our businesses will ensure we continue to manage risk with the rigor and excellence that define our company."

The Evolving Mandate of the Global Chief Actuary

Henck's promotion comes at a time when the role of a chief actuary is undergoing a profound transformation. Beyond traditional responsibilities, today's actuarial leaders are tasked with harnessing the power of artificial intelligence, machine learning, and big data to model emerging risks like climate change and cyber threats. Henck's background makes him uniquely suited for this modern mandate.

Prior to serving as North America Chief Actuary since 2019, Henck founded and led Chubb's Actuarial Insights, Business Intelligence, and Advanced Analytics unit for Global Claims. This experience places him at the intersection of traditional actuarial science and cutting-edge data analytics, a critical nexus for a company that prides itself on underwriting discipline. Chubb has publicly stated its commitment to using data and analytics to drive underwriting excellence, a strategy that contributed to record-breaking financial performance in 2024, including a best-in-class P&C combined ratio of 86.6%.

Peter Enns, Chubb's CFO, highlighted these specific qualifications. "Scott's analytical acumen and collaborative leadership style make him the ideal successor to further drive the excellence of our global actuarial operations," Enns noted.

Henck's leadership will be crucial as Chubb continues to refine its models for pricing complex risks and managing its capital in an era of heightened economic and geopolitical volatility. His nearly three decades of industry experience, combined with his forward-looking analytical expertise, positions him to steer the company's risk management strategy into the future.

Deepening Expertise in a Core Market

While Henck moves to a global stage, Cynthia Bentley's promotion ensures that Chubb's largest market, North America, remains under the guidance of a deeply experienced leader. Bentley, who has more than three decades of insurance and actuarial experience, steps into the role of Executive Vice President, North America Chief Actuary.

Bentley previously served as Senior Vice President and Head Actuary of North America Commercial Insurance, where she was responsible for the actuarial support for a vast and complex portfolio. Her deep knowledge of commercial lines, including Property & Specialty and Financial Lines, provides a strong foundation for overseeing the entire North American region.

Her appointment was praised by Juan Luis Ortega, President of North America Insurance, to whom she will report alongside Henck. "Cynthia's appointment is a reflection of her outstanding track record and the tremendous impact she has had on our company," Ortega stated. "I'm confident she will continue to drive innovation and further strengthen our actuarial capabilities across our North America businesses."

Bentley's career path, like Henck's, exemplifies Chubb's strategy of cultivating and promoting talent from within. This approach ensures that leaders possess not only technical expertise but also a deep, nuanced understanding of the company's culture, operations, and long-term strategic goals.

Navigating a Complex Risk Landscape

These leadership changes are not merely administrative; they represent a strategic reinforcement of Chubb's core identity as a world-class underwriting organization. As a component of the S&P 500 index with operations in 54 countries, Chubb faces a multitude of risks, from natural catastrophes intensified by climate change to the ever-present threat of social inflation and cybercrime.

The new actuarial leadership team, with Henck's global analytical perspective and Bentley's deep regional expertise, is structured to confront these challenges directly. Their mandate will be to ensure Chubb's pricing remains adequate, its reserves remain robust, and its capital is deployed efficiently, all while navigating a complex web of global regulations.

The seamless nature of this transition, leveraging decades of combined experience within the company, is designed to provide stability and confidence to investors, clients, and the market at large. This strategic realignment of its actuarial leadership underscores Chubb's commitment to maintaining its underwriting discipline and financial strength in an increasingly complex global market.