15 December 2022Analysis

Chubb appoints global climate officer

Chubb has announced that Margaret Peloso has been appointed senior vice president, Chubb Group, 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.

In the newly created role of global climate officer, effective January 16, 2023, Peloso will have responsibility for Chubb's climate-related strategies, including business and public policy initiatives, as Chubb continues to implement realistic, science-based responses to climate change.

“I am delighted to welcome Maggie to Chubb,” Evan G. Greenberg, chairman and chief executive said. “She has worked closely with us as outside counsel and demonstrated her leadership and expertise on a wide range of climate issues. As an insurer, our business is to provide protection to our insureds and offer them resilience against the threat of a changing climate through our products and services. We encourage and actively support societies' efforts to transition to net-zero while supporting in a responsible way the need for energy security. Maggie's experience and deep insight on climate issues will advance Chubb's leading role in meeting the challenges of climate change to the benefit of our clients and society.”

“Chubb is engaged in research and advocacy on climate issues, both internally and externally, through industry institutions and international organizations,” said Joseph Wayland, executive vice president and general counsel, Chubb Group. “Maggie's expertise and perspective will be critical as we further deepen our understanding of how underwriting policies can facilitate the reduction of GHG emissions, and as we continue to work actively to advance our industry's expertise in climate change mitigation and adaptation.”

As executive director of the Chubb Charitable Foundation, Peloso will guide the foundation in expanding its reach and delivering on its mission to support clearly defined projects that solve problems with measurable and sustainable outcomes. As part of this, the foundation will help people in the countries where we live and work to build productive and healthy lives; to contribute to the sustainability of nature and the wilderness.