Chubb Life CEO Gail Costa to Retire After Four Decades in Insurance

Highlights:

• Gail Costa to Retire: Chubb Life's CEO, Gail Costa, will retire in April 2025 after 40 years in the life insurance industry, with six years leading Chubb Life.
• Leadership Legacy: Costa's tenure included key roles at Cigna and strategic initiatives at Chubb Life, enhancing the company's market position.
• Seamless Transition: Chubb Life has initiated a transition plan to ensure smooth succession and continued growth, with a successor search underway.

CEO's retirement to mark the end of an era at Chubb Life

Chubb Life, a leading player in the life insurance sector, announced that its Chief Executive Officer, Gail Costa, will retire in April 2025 after an illustrious 40-year career in the industry. Costa, who has been at the helm of Chubb Life since April 2018, is widely respected for her leadership and contributions to the company's growth and success.

A Legacy of Leadership and Growth

Before leading Chubb Life, Costa held several key roles at Cigna, contributing to its expansion and solidifying her reputation as a dynamic leader in the insurance industry. Her tenure at Chubb Life, formerly known as Cigna Life, has been marked by strategic initiatives that have strengthened the company's market position.

Transition Plan in Place

In preparation for Costa's departure, Chubb Life has initiated a comprehensive transition plan to ensure a smooth succession process. The company is currently searching for a successor who will uphold its growth trajectory and maintain business continuity for customers, employees, and stakeholders.

"We are committed to a seamless transition that honors Gail’s legacy while positioning Chubb Life for continued success," the company stated.

Looking Ahead

Costa’s retirement signals a significant change for Chubb Life as it embarks on the search for new leadership. The insurance giant remains focused on sustaining its upward momentum and delivering value to its stakeholders. Costa’s departure marks the end of an era, but her influence on the company will undoubtedly be felt for years to come.

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