ACE may have announced plans to acquire Chubb for $28 billion only a few weeks ago, but it has already designated a post-merger leadership team for the North American Insurance operations of the combined company.

They include: John Lupica, Dino Robusto and Harold Morrison Jr.

John_Lupica_square
John Lupica

Lupica has been named vice chairman of the parent company and co-president of the North America Insurance division. Right now, he’s vice chairman of ACE Group and chairman of its North American businesses. He’ll have executive operating responsibility, in part, for the retail commercial P/C insurance business that serves the large corporate market in the U.S. and Canada, the E&S market in the U.S. and Bermuda and the agriculture insurance market in the United States. Reporting to him will be the business arm that provides P/C insurance coverage to large domestic and multinational corporations through retail brokers and agents.

Lupica will also be responsible for all P/C products, underwriting, claims, actuarial and support functions relating to these businesses. He’ll report to John Keogh, who is vice chairman and chief operating officer of ACE Group and will serve in that role for the parent company post-merger. (A combined company will keep the Chubb name.)

Dino Robusto
Dino Robusto

Robusto, meanwhile, will take on the role of executive vice president of the parent company and co-president of the North America Insurance division. Right now, he’s president of commercial and specialty lines for Chubb. He’ll have executive operating responsibility for the retail commercial P/C insurance business serving the middle market and small commercial customer segments for all products in the U.S. and Canada, through a distribution system that includes independent agents and brokers. In addition, the company’s personal lines insurance business serving affluent and high net worth individuals and families in North America will also report to Robusto.

Update: In November, ACE and CNA announced that Dino Robusto would leave to become CEO of CNA in late 2016; Paul Krump will be taking on some of the roles that had been slated to go to him at Chubb.
As well, Robusto will be responsible for all P/C products, underwriting, claims, actuarial and support functions connecting to all of those businesses. He’ll report to Keogh and join the combined company’s executive committee.

Harold Morrison Jr.
Harold Morrison Jr.

Morrison will be senior vice president of the parent company and executive vice president and chief field officer for the North America Insurance division. Right now, he’s chief global field officer and chief administrative officer for Chubb.

Paul Krump
Paul Krump

In his new role, he’ll be responsible for branch and field organization involving more than 50 offices in the U.S. and Canada. He’ll also make sure the field organization is aligned with the company’s North American growth strategies, and handle servicing and managing business and company relationships with agent/broker distribution partners in North America. He’ll report to Lupica.

Additionally, Paul Krump, the current president and personal lines and claims for Chubb, will become executive vice president for global underwriting and claims for the post-merger parent company. He will also report to Keogh, and join the parent company’s executive committee.

The ACE/Chubb merge is expected to be completed in the 2016 first quarter.

Source: ACE Ltd.

Topics Mergers & Acquisitions USA Agencies Canada Property Casualty Chubb