The Hartford names new chief risk officer succeeding Rupp

The Hartford, a US-based property/casualty insurer, has named Robert Paiano as chief risk officer to lead the company’s enterprise risk management operations.

Paiano succeeds current chief risk officer Robert Rupp, who is retiring. Paiano will report to The Hartford’s chairman and CEO Christopher Swift.

"Robert Paiano is the ideal executive to lead our Enterprise Risk Management function," Swift said. "He has deep knowledge of The Hartford’s operations and broad industry experience, along with the leadership background necessary to oversee market, insurance and operational risk for the enterprise."

Paiano has served as corporate treasurer since 2010, a role in which he oversees capital and liquidity management, corporate banking and treasury operations. He joined The Hartford in 1996 as senior vice president of corporate finance. He has held positions in enterprise risk management, capital management, corporate banking, investment management and reinsurance.

Prior to joining The Hartford, Paiano held positions at American Express, Citicorp, First Interstate Bancorp and ITT Residential Capital Corporation.

The company stated that Rupp will remain a risk-management advisor to Swift through December 31.

"Bob Rupp has led the enterprise risk management operations to best-in-class recognition during his time with The Hartford," Swift added. "I want to thank Bob for his service and dedication."

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