Chubb made two major executive changes affecting its North America Insurance division – the company’s largest – as well as Global Underwriting and Claims.
John Lupica has been named President, North America Insurance, and Paul Krump is the new Vice Chairman for Global Underwriting and Claims.
Lupica is currently Vice Chairman, Chubb Group and President, North America Major Accounts and Specialty Insurance, and Krump is Executive Vice President, North America Commercial and Personal Insurance.
Both appointments are effective as of Sept. 1. Lupica and Krump will report jointly to Chubb Chairman and CEO Evan Greenberg and John Keogh, Vice Chairman and Chief Operating Officer.
In his new role, Lupica will oversee all Chubb general insurance business in the United States, Canada and Bermuda including commercial P&C, personal lines, agriculture, and accident and health insurance.
Lupica’s scope of responsibility will include all products, underwriting, marketing and sales, claims, actuarial and support functions related to these business lines.
Krump’s new position covers commercial P&C, personal lines and accident and health insurance globally. He’ll be tasked with maintaining and enhancing the company’s global underwriting standards, rules, authorities and risk management. Along with presidents of the company’s North American and international P&C operations, Krump will share accountability for underwriting standards and the profitability of the P&C books of business. The global underwriting and corporate underwriting functions will report to Krump, and he will supervise the global product boards, portfolio management processes and underwriting audits.
At the same time, Krump will retain his current senior executive responsibility for global claims and risk engineering at Chubb.