Chubb to Appoint Lucas Scortecci as CEMENA Financial Head
The insurer will install the industry veteran to lead its financial lines division across the region starting in December.
Updated on Oct. 29, 2026 in People
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Chubb has named Lucas Scortecci as the incoming Head of Financial Lines for the Continental Europe, Middle East and North Africa (CEMENA) region. The appointment will become effective on 10 December 2026, with Scortecci operating from his base in Madrid.
Why it matters
This strategic hire is intended to drive the company's financial lines underwriting strategy and support long-term profitable growth across the CEMENA region. Brokers and clients throughout these territories can anticipate expanded capabilities as he takes over the portfolio.
Lucas Scortecci brings two decades of industry experience to the role, having previously served at AIG for nearly 20 years. His tenure at his former firm matches the entirety of his career duration within the financial insurance sector.
The players
Chubb
Chubb is a large publicly traded property and casualty insurance company that provides a wide range of commercial and personal insurance products globally.
Lucas Scortecci
Lucas Scortecci is a financial services professional with two decades of experience who is transitioning from a long-term career at AIG to this new regional leadership role.
The details
Scortecci will take responsibility for overseeing underwriting strategies and regional product portfolios to bolster the company's market presence. He is expected to focus on strengthening service delivery and capacity for financial lines clients across the CEMENA territory.
Timeline
The appointment of Lucas Scortecci becomes effective on 10 December 2026.
Market Landscape
This move highlights the ongoing trend of talent migration between major global insurers as firms compete for seasoned underwriters to manage complex regional risks. Such leadership shifts reflect a broader strategy of consolidating expertise to maintain a competitive edge in international insurance markets.
Clients and brokers within the CEMENA region can expect changes to underwriting strategies and potential improvements in regional service capacity. The move is designed to ensure broader product support for commercial clients as the firm integrates its new financial lines leadership.
The takeaway
The appointment signals a clear shift in how the insurer plans to manage its financial risks across the Middle East and European territories. Executives with long-standing tenure at rival firms are increasingly favored to oversee complex underwriting portfolios in volatile global markets.
Further reading
For more on industry leadership changes, visit the People section.
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