Chubb Appoints Margaret Peloso, Global Climate Officer at Chubb Charitable Foundation

Company welcomes Climate Specialist, Environmental Lawyer, Thought leader on Sustainability and Evolving climate Risks

ZURICH, Dec. 14, 2022 /PRNewswire/ — Chubb Limited (NYSE: CB) today announced that Margaret Peloso has been appointed Senior Vice President, Chubb GroupPeloso is the Global Climate Officer and Executive director of the Chubb Charitable Foundation. Peloso comes to Chubb from Vinson & Elkins, where she served as the law firm’s Lead Sustainability Partner with responsibility for integrating sustainability and environmental, social and governance (ESG) factors across its portfolio.

The newly created position of Global Climate Officer is effective Jan. 16, 2023Peloso will now be responsible for Chubb’s climate-related strategies. This includes business and public policy initiatives. As Chubb innovates and leads in implementing scientifically-based responses to climate changes,

“I am delighted that Maggie has come to Chubb,” Evan G. Greenberg“She was the Chairman and Chief Executive Officer.” She has been an outside counsel to us and showed her leadership and expertise in a broad range of climate issues. Our mission as an insurer is protect our insureds, and to offer resilience against climate change through our products. We support energy security and encourage societies to make the transition to net zero. Maggie’s deep understanding of climate issues and her experience will make Chubb a leader in meeting the challenges presented by climate change, to the benefit both of our clients as well as society.

“Chubb is involved in research and advocacy for climate issues, both internally as well as externally through industry institutions and international organisations,” stated the statement. Joseph WaylandExecutive Vice President and General Counsel Chubb Group. “Maggie will bring her expertise and perspective to our efforts to understand how underwriting policies can help reduce GHG emissions. We also continue to actively work to increase our industry’s understanding of climate change adaptation and mitigation.

Peloso is the Executive Director of the Chubb Charitable Foundation. He will help the foundation expand its reach and deliver on its mission to support clear-defined projects that solve real problems. This foundation will support people in the countries where they live and work, to help them build productive lives and to preserve the wilderness.

Peloso, a specialist in global and environmental climate issues, has published numerous reports and studies on sustainability and climate risk, including her PhD dissertation. Rising Sea Levels: Adapting.

Peloso led Vinson & Elkins’ change practice, focused on translating science for policy, litigation and corporate risk management. Before her 12-year tenure at Vinson & Elkins, Peloso completed a PhD in Environment at Duke University, and her law degree at Stanford University. She also earned Bachelor’s and Master’s degrees. Duke. Peloso has served as chair of numerous environment, energy and resource committees and councils within the American Bar Association. Peloso was previously a member and chair of several ABA committees.

Chubb engages in many climate-related activities, including:

• Climate risk identification and analysis

• Public engagement on climate issues with government officials and climate advocacy groups, experts, and a variety other interest groups

• Consideration of climate-related investment actions and underwriting, including our global insurance division that covers environmental risks and our clean tech practice that covers renewables.

• Development of products and services that support the transition to a net zero economy and our customers’ resilience to climate change.

• Limiting the company’s greenhouse gas emissions

• Supporting climate resilience projects through philanthropic donations

About Chubb
Chubb is the largest publicly traded casualty and property insurance company in the world. Chubb is a global company that provides insurance services to clients in 54 countries. As an underwriting firm, we evaluate, assume, and manage risk with integrity and discipline. We pay claims promptly and fairly. Its extensive product and services offerings, wide distribution capabilities, extraordinary financial strength, and local operations worldwide define the company. New York Stock Exchange (NYSE), listed parent company Chubb Limited CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide. Further information is available at: www.chubb.com.

 

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SOURCE Chub Limited