President for Chubb North America appointed following departure
Property and casualty (P&C) insurer ACE has appointed Paul Krump, as president, North America, commercial and personal lines of the new Chubb Group.
Krump serves as president of personal lines and claims for Chubb. The new appointment will take effect upon ACE’s completion of the acquisition of Chubb, which is expected in the first quarter of next year.
Krump, who was named in an earlier announcement to serve as executive vice president for global underwriting and claims, will have North America executive operating responsibilities that were previously announced for Dino Robusto, who is leaving Chubb to pursue another opportunity as chairman and chief executive officer of CNA.
He will have executive operating responsibility for the retail commercial P&C insurance businesses, serving the middle market and small commercial customer segments for all products in the US and Canada through a broad distribution system that includes independent agents and brokers.
In addition, the company’s personal lines insurance business serving affluent and high net worth (HNW) individuals and families in North America will report to Krump.
Krump will report to John Keogh, who is currently vice chairman and chief operating officer of ACE and who will continue to serve in that role.
“Paul Krump is a veteran, experienced insurance executive and I am pleased he will lead our North American commercial and personal lines businesses,” said Evan Greenberg, chairman and CEO, ACE.
“Paul has deep knowledge of all of Chubb’s businesses, particularly middle market commercial and personal lines. He is a natural leader and a great underwriter. The appointment of Paul to this senior executive position clearly demonstrates the deep bench of leadership talent within the new Chubb organisation.
“John Keogh and I have great confidence in Paul’s abilities and his desire to drive the success of our new North American organisation.”
The company also announced a change in title for John Lupica, who will now serve as president, North America major accounts and specialty insurance of the new Chubb Group. Currently, Lupica is vice chairman of ACE and chairman of the company’s insurance — North American businesses.
