|Chartis Names James E. Mostofi President of U.S. Warranty Division|
NEW YORK – November 22, 2010 – Chartis today announced that James E. Mostofi has been named President of its U.S. Warranty Division, responsible for directing Chartis’ U.S. warranty and extended warranty insurance group.
"We are thrilled to welcome Jim to Chartis,” said Charles Williamson, President of Chartis’ U.S. Consumer Lines Segment. “He brings the distinctive blend of a seasoned warranty professional and experienced business executive to lead our organization.”
“Jim is joining us after a successful tenure at Service Net, which is one of our valued warranty administrators,” said Tom Marsh, President of Chartis’ Global Warranty Division. “His results-oriented management style and deep industry knowledge will be invaluable as he continues to build on our long history.”
Chartis’ Warranty Division is a global leader, serving many of the largest retailers and manufacturers in the world with operations in 50 countries. The division is one of the largest providers of non-auto warranty solutions and has served the international community for over 25 years.
Prior to joining Chartis, Mr. Mostofi spent 10 years at Service Net Warranty, LLC, a leading warranty administrator, where he served in various roles including General Counsel, Chief Financial Officer and most recently, Chief Operating Officer.
Previously, Mr. Mostofi spent several years advising warranty and non-warranty clients as a corporate attorney with Frost Brown Todd, LLC, specializing in merger and acquisitions and insurance regulatory matters. He began his career as a C.P.A., working at Ernst and Young for 10 years. Mr. Mostofi earned a bachelor’s degree in accounting from New York University’s Stern School of Business. He also has an M.B.A. with a concentration in finance from Loyola University’s Graduate School of Business and a J.D. from DePaul University College of Law.
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.