Teresa Black

Teresa Black serves as Executive Vice President and Chief Operating Officer, North America Surety for Chubb, a position she was appointed to in December 2022.  In this role, Ms. Black provides underwriting leadership and strategic direction to the Commercial and Construction underwriting teams in the U.S. and Canada. Ms. Black also plays a critical role in developing and cultivating new client and broker relationships and in ensuring that clients and distribution partners leverage Chubb’s growing international surety capabilities. She works collaboratively with the underwriting teams outside the U.S. to execute the business plan for domestic surety clients and to ensure the attainment of growth and profitability targets for the North America Surety business. Ms. Black is based in New York City.  

With over 25 years of insurance industry experience, Ms. Black joined Chubb Surety in 2013 as Senior Vice President and Chief Operating Officer for the U.S. business. Ms. Black previously served as Senior Vice President, Distribution Management, Vice President, National Segment Leader for New York, and Assistant Vice President, Financial Lines, where she co-created and implemented a two-year training program for professional liability underwriters that is still in place. Prior to her tenure with Chubb, she served in an underwriting management capacity for several carriers, focusing on Directors & Officers (D&O) product lines. 

Ms. Black received a Bachelor of Arts degree from Binghamton University, located in Binghamton, New York, and an MBA in Finance from The Leonard N. Stern School of Business at New York University. Ms. Black is a member of the Board of Directors of the Spencer Educational Foundation and a sustaining member of the Junior League of Central Westchester County, New York.  

Chubb is the fifth largest surety underwriter in the U.S., representing more than 70 of the Engineering News Record top 400 contractors. The business offers a wide variety of surety products and specializes in underwriting both commercial and contract bonds and has the capacity to issue bonds on a global basis.