Chubb Names Drew Spitzer Treasurer; Kevin Harkin Appointed Chief Financial Officer for North America Insurance
Chubb Limited announced that Drew Spitzer has been appointed Treasurer of the company. Currently, Mr. Spitzer serves as Chief Financial Officer for North America Insurance. In his new role, he will be responsible for all treasury-related functions of the company globally.
Kevin Harkin is succeeding Mr. Spitzer as Chief Financial Officer for North America Insurance. Currently, Mr. Harkin serves as Senior Vice President, North America Financial Operations.
Both appointments are effective March 1. Mr. Spitzer will report to Peter Enns, Executive Vice President, Chubb Group and Chief Financial Officer, and succeeds Mark Hammond, who is leaving the company. Mr. Hammond will remain with Chubb until March 1 to ensure a smooth transition. Mr. Harkin will report to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance and to Mr. Enns.
“Drew, who has been with Chubb for more than 15 years, is a seasoned finance and accounting executive with deep experience across our commercial and consumer insurance businesses,” said Mr. Enns. “He’s a strong, effective manager with a strategic mindset, technical proficiency and proven capabilities in financial planning and analysis and credit management. We are confident in appointing Drew to this new global role at Chubb.”
“Chubb has deep bench strength, and we are delighted to elevate Kevin to lead the North America Insurance finance team,” said Mr. Lupica. “Kevin, who has also been with the company for 15 years, has broad experience in corporate finance and accounting, and has effectively overseen important financial transformation initiatives in the region.”
“We want to thank Mark for his many contributions to Chubb over the past 12 years. We wish him the best in his future endeavors,” said Evan G. Greenberg, Chairman and Chief Executive Officer.
Mr. Spitzer has more than 25 years of experience in finance, accounting and insurance. Prior to serving as Chief Financial Officer of Chubb’s North American operations, he was Chief Financial Officer of Combined Insurance, a Chubb affiliate that sells personal accident and supplemental health insurance coverages to consumers in North America. Mr. Spitzer joined the company, then named ACE, in 2006 as Senior Vice President and Deputy Chief Accounting Officer. Prior to Chubb, Mr. Spitzer was a Partner at Fecteau & Company, an accounting firm, and a Vice President at Rockledge Financial Group. He began his career at PricewaterhouseCoopers. Mr. Spitzer holds a Bachelor of Science degree in Accounting and Finance from Rensselaer Polytechnic Institute.
Mr. Harkin has more than 20 years of experience in corporate finance and accounting. As Senior Vice President, North America Financial Operations, he provided finance support for field operations and distribution management in the region, including overseeing the strategic use of technology and data in finance integration initiatives. He joined the company, then named ACE, in 2007 and has held finance roles in corporate financial planning and analysis, expense management, close functions and statutory reporting. He began his career in public accounting at Arthur Andersen and, later, EY. Mr. Harkin holds a Bachelor of Business Administration degree in Accounting from the University of Richmond.
AIG Names Marilyn Hirsch as Senior Vice President, Treasurer
American International Group announced that Marilyn Hirsch has returned to AIG as Senior Vice President, Treasurer, effective immediately. She reports to Shane Fitzsimons, Executive Vice President and Chief Financial Officer, AIG.
Ms. Hirsch leads AIG’s global Treasury activities, including financing plans, banking and rating agency relations, and management of capital and liquidity.
“As we continue our journey to become a top performing company, Marilyn’s more than 30 years of global experience, leadership skills and deep subject matter expertise will guide the Treasury team’s critical work in advancing AIG’s strategic priorities, especially capital management, and the optimization of AIG’s capital structure as part of the separation of the Life and Retirement business from AIG and related IPO,” said Mr. Fitzsimons.
Ms. Hirsch said: “AIG’s capital management goals, eagerness to continuously improve systems and processes, and dedication to strong relationships with external stakeholders are all compelling opportunities for the Treasury team. I look forward to the contributions we will make in this diligent pursuit of excellence and commitment to delivering value.”
Ms. Hirsch rejoined AIG from the Allstate Corporation where she served as Senior Vice President & Treasurer. Her responsibilities spanned Treasury, Corporate Financial Planning and Analysis (FP&A), Corporate Development, Corporate Expense Management and Start-up Engagement. From 2011 to 2015, Ms. Hirsch held various leadership positions at AIG, the most recent being Head of Strategy – AIG Property Casualty. She also served on AIG Israel’s Board of Directors during her time at AIG. Ms. Hirsch holds Bachelor of Science degrees in Civil Engineering and Economics/Finance from the Jerome Fisher Management and Technology Program at the University of Pennsylvania and a Master of Science in Finance from the University of California, Berkeley.
In addition, Kathleen Carbone has been named Vice President and Chief Accounting Officer, AIG, effective March 1, 2022 reporting to Mr. Fitzsimons. She will succeed Elias Habayeb, who was named Chief Financial Officer for AIG’s Life and Retirement business in October 2021 and will continue to serve as AIG’s Chief Accounting Officer through February 2022. Since May 2021, Ms. Carbone has served as Vice President, Finance.
Mr. Fitzsimons said: “Kathleen brings outstanding financial reporting acumen and deep institutional knowledge of AIG to the role of Chief Accounting Officer. She is already an integral member of the Finance leadership team, and I am thrilled that she is taking on this role.”
From 2012 through 2020, Ms. Carbone held various positions at AIG, including Group Controller from October 2018 through July 2020, Corporate Controller from September 2016 through October 2018 and Senior Director of SEC Reporting and Analytics from June 2015 through August 2016. Prior to joining AIG in 2012, Ms. Carbone worked for the accounting firm PriceWaterhouseCoopers LLP for nearly 12 years.
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