C

Chubb

Global property & casualty insurer

VP CI Manager

Full-Time
$175k - $225k/yr+ Discretionary Annual Incentive Program
Expert
Walnut Creek, CA, USA
In PersonRegular travel within Bay Area, Central Valley, and Sacramento.
InsuranceUnderwriting

About the job

Requirements
  • Ten+ years multi-line underwriting experience with a strong understanding of P&C lines of business, industry practices, products, and appetite
  • Strong understanding of field distribution plant (broker, regional, independent agents)
  • Strong people management skills
  • Strong technical/underwriting leadership skills to manage a team of multiline commercial underwriters
  • Advanced marketing and sales skills
  • Builds Strategic Relationships
  • Drives Customer Focus
  • Demonstrates Agility
  • Drives Execution
  • Exerts Operational Decision Making
  • Exhibits Skillful Communication
Responsibilities
  • Own P&L performance for the Commercial Insurance P&C portfolio aligned to the Walnut Creek branch, including premium, profitability, growth, retention, and expense management, with a particular focus on expanding the Lower Middle Market portfolio and high-margin segments such as Technology and Life Sciences.
  • Forecast monthly production, annual plans, and pipeline for the Walnut Creek Commercial Insurance portfolio, providing timely, accurate reporting to Pacific North regional and product leadership and ensuring alignment with business objectives.
  • Develop and execute territory strategies across the Bay Area, Central Valley, and Sacramento to deepen broker and client relationships and capitalize on local market opportunities.
  • Drive growth of Multinational, Environmental, A&H, Marine, and Financial Lines in partnership with Specialty, Product, and Segment leaders through targeted marketing, cross-sell, and coordinated go-to-market activity.
  • Collaborate with the Pacific North Regional Manager and WHS to ensure effective expense administration and resource deployment for the Walnut Creek branch.
  • Lead execution of underwriting strategy for new and renewal business, ensuring disciplined risk selection, pricing, and terms across the Walnut Creek portfolio and in coordination with remote underwriting resources.
  • Serve as a senior technical underwriting referral resource in partnership with Product, acting as the key contact for complex risks and accounts falling outside local field authority and coordinating with Home Office, Product, and Segment leaders as needed.
  • Oversee underwriting quality, file standards, and governance to meet enterprise expectations for audit, compliance, and authority usage, reinforcing a culture of disciplined underwriting and documentation.
  • Develop and execute local market strategies tailored to the Bay Area, Central Valley, and Sacramento, providing insights on market conditions and broker/agency needs while positioning Chubb as a preferred market.
  • Partner closely with Field Operations to design and execute marketing and distribution plans for the full Commercial Insurance portfolio, aligning underwriting, sales, and operations around clear production and retention objectives.
  • Direct business development activities, including support for key programs, products, and initiatives, and provide guidance to the team on prospecting, pipeline management, and deal execution.
  • Travel regularly within the Bay Area, Central Valley, and Sacramento for broker, client, and team meetings in support of business development and distribution objectives.
  • Lead, coach, and develop underwriting staff within the Walnut Creek branch, including onboarding, training, performance management, mentorship, and succession planning, while fostering an inclusive, collaborative culture.
  • Ensure effective deployment of staff and clear role alignment across assigned locations, maintaining mentoring and development relationships with high-potential Senior Underwriters and Team Leaders.
  • Oversee workflows, staffing resources, and use of technology to support efficient, cost-effective field operations and consistent service to brokers and clients.
  • Partner with HR and regional leadership on performance management, compensation processes, and talent decisions to attract, develop, and retain top underwriting talent

About the company

Chubb is the world’s largest publicly traded property and casualty insurer, offering a wide range of insurance products across 54 countries, including commercial and personal P&C, personal accident and supplemental health, reinsurance, and life insurance. It underwrites by assessing, pricing, and managing risk, and it pays claims fairly and promptly under policy terms. Its scale, broad product lines, global reach, and strong financial strength help it serve diverse clients and handle large or long-tail risks with confidence. Its goal is to help people and businesses manage risk through clear policy terms, reliable protection, and steady financial resilience.

Company Size

10,001+

Company Stage

IPO

Headquarters

Zurich, Switzerland

Founded

1985

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Simplify's Take

What believers are saying

  • Q2 2026 premiums rose 3.6%, with P&C underwriting income up 18.8%.
  • Record investment income hit $1.76 billion pre-tax in Q2 2026.
  • Vaultik partnership expands embedded high-net-worth insurance through AI authentication and instant quoting.

What critics are saying

  • Evan Greenberg plans a 20% global headcount cut over three years.
  • Large-account property pricing softened in Q2 2026, squeezing commercial growth.
  • A severe catastrophe cluster or marine war loss can erase underwriting gains fast.

What makes Chubb unique

  • Chubb is the largest publicly traded P&C insurer, with 54-country operating reach.
  • Its July 2026 Q2 combined ratio of 83.8% shows disciplined underwriting.
  • Digital leadership now splits AI science, platform execution, and partnership growth.

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Benefits

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

11%

1 year growth

11%

2 year growth

11%
Yahoo Finance
Oct 1st, 2026
AM Best affirms Chubb Perú's A rating with stable outlook

AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of "a+" (Excellent) for Chubb Perú S.A. Compañía de Seguros y Reaseguros, with stable outlooks. The ratings reflect the company's strongest balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management. Chubb Perú, which began operations in 1998, is the ninth-largest insurance operation in Peru as of August 2026. The company maintains a diversified portfolio, with 47% in property/casualty products, 40% in accident and health, and 13% in life insurance. The insurer's total capital base reached $46 million in 2025, whilst recording historic net income of $10.4 million. The company continues to post profitable results through August 2026.

Associated Press
Aug 19th, 2026
Vaultik partners with Chubb to offer AI-powered watch and jewellery authentication, valuation and insurance

Vaultik has partnered with Chubb to streamline the process of authenticating, valuing, and insuring watches and jewellery. Through Vaultik's platform, owners can photograph their items and receive AI-powered authentication and valuation results, reviewed by experts at Birmingham Assay Office. Eligible customers can then request insurance quotes from Chubb and purchase coverage digitally within the same application. The collaboration addresses a traditionally fragmented process that typically requires separate appointments for appraisal and insurance. The service is available through Vaultik's Collect App and can be offered by retailers, jewellers, and marketplace sellers. Vaultik currently partners with WhatNot and eBay Live. Vaultik's KYP protocol generates authentication and valuation outputs from photographs, whilst Birmingham Assay Office provides specialist review. Chubb underwrites the insurance coverage for eligible items.

Yahoo Finance
Aug 1st, 2026
Chubb edges 4% below fair value after Q2 2026 earnings despite 33% annual return

Chubb reported second quarter 2026 results with net income of $2.854 billion and earnings per share in line with the prior year. The insurer's shares fell 2.52% over seven days but delivered a 13.1% year-to-date return and 32.82% total shareholder return over 12 months. Analysts value Chubb at approximately $365.87 per share, suggesting the stock is roughly 4% undervalued at its recent close of $350.68. The company authorised a new $5 billion share buyback programme alongside growing dividends. Growth drivers include specialised insurance demand in cyber security and high-net-worth personal lines, supported by digitalisation and climate-related risks. However, the stock trades at a price-to-earnings ratio of 12.1x, above the 11.7x US insurance industry average, leaving limited room for error if growth expectations weaken.

Yahoo Finance
Jul 21st, 2026
Chubb reports Q2 net income of $7.30 per share and core operating income of $7.26, up 18.2%

Chubb Limited reported second quarter net income of $2.85 billion, or $7.30 per share, with core operating income of $2.84 billion, or $7.26 per share, up 18.2% year-over-year. Consolidated net premiums written reached $14.7 billion, up 3.6%. The property and casualty (P&C) segment posted net premiums written of $12.77 billion, up 3.0%. P&C underwriting income increased 18.8% to $1.94 billion, with a combined ratio of 83.8%. North America Personal and Agriculture both grew 6.0%, whilst Overseas General climbed 10.2%. Life insurance net premiums written rose 7.5% to $1.94 billion, with segment income up 9.0%. Pre-tax net investment income reached a record $1.76 billion, up 12.3%. Annualised return on equity stood at 15.3%, with core operating return on tangible equity at 21.2%.

PR Newswire
Jul 21st, 2026
Chubb reports Q2 net income of $7.30 per share and core operating income of $7.26, up 18.2%

Chubb Limited reported second quarter net income of $2.85 billion, or $7.30 per share, with core operating income of $2.84 billion, or $7.26 per share, up 18.2% year-over-year. Consolidated net premiums written reached $14.7 billion, up 3.6%, with property and casualty insurance rising 3.0% and life insurance up 7.5%. The P&C combined ratio stood at 83.8%, whilst underwriting income increased 18.8% to $1.94 billion. Pre-tax net investment income hit a record $1.88 billion, up 11.4%. The company's tangible book value per share increased 17.1% from the prior year to $131.93. North America commercial P&C declined 2.3%, primarily due to underwriting actions on property. However, overseas general insurance grew 10.2%, with particularly strong growth in Latin America, up 15.6%. Chubb returned $1.37 billion to shareholders through share repurchases and dividends during the quarter.