John D. Finnegan, chairman, president and CEO of The Chubb Corp. announced several management appointments, effective Jan. 1, upon the retirement of John J. Degnan, COO, Dec. 31:
- Paul J. Krump, currently executive vice president and chief underwriting officer, will become president of commercial and specialty lines. He will also assume direct responsibility for the accident business.
- Dino E. Robusto, currently executive vice president and chief administrative officer, will become president of personal lines and claims. He will also continue to oversee IT, communications, corporate development and innovation.
- Harold L. Morrison, executive vice president and chief global field officer, will continue in that role and assume the additional title of chief administrative officer, in which capacity he will supervise human resources and administrative services.
Krump, Robusto and Morrison will serve on the company’s executive committee together with Finnegan and Richard G. Spiro, executive vice president and CFO.
Finnegan also announced that he had asked Degnan to continue his association with Chubb in a part-time consulting role as a senior advisor to the chairman. Although all of the details have not yet been finalized, the insurer said Degnan will provide counsel for a period of 2 years on matters related to special-situation claims and representation before government and industry groups.