Chubb Announces Executive Promotions

June 20, 2008

The Chubb Corp. announced the promotion of four executives.

The insurer promoted John J. Degnan to vice chairman and chief operating officer. Degnan, a former attorney general of New Jersey who joined Chubb nearly 18 years ago, was previously vice chairman and chief administrative officer.

Chubb named Paul J. Krump as executive vice president and chief underwriting officer, responsible for Chubb Commercial Insurance, Chubb Personal Insurance, Chubb Specialty Insurance and Surety. Krump, who joined Chubb 25 years ago, previously headed Chubb Commercial Insurance.

The company named Harold L. Morrison Jr., a 23-year Chubb veteran, as executive vice president and chief global field officer, in charge of the company’s U.S. and international field operations, comprised of 120 offices in 28 countries. Morrison was previously in charge of U.S. field operations.

The insurer also named Dino E. Robusto, as executive vice president and chief administrative officer, in charge of claims, information technology, human resources, communications, administrative services and external affairs. Robusto joined Chubb 21 years ago and most recently headed the company’s worldwide claims operations.

Krump, Morrison and Robusto will report to Degnan.

Source: Chubb Group of Insurance Cos.

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