In this new leadership role, Paul KRUMP will oversee high-level underwriting policy and standards-setting, and provide operational direction and oversight in underwriting execution across CHUBB's property and casualty (P&C) insurance product lines, which include commercial P&C, personal lines and accident and health insurance globally.
The appointment is effective September 1, and Paul KRUMP will report jointly to Evan GREENBERG, Chairman and Chief Executive Officer, and to John KEOGH, Executive Vice Chairman and Chief Operating Officer.
"In his new role as the company's Executive Underwriting and Claims Officer, Paul KRUMP will maintain and enhance the company's global underwriting standards, rules, authorities and risk management. In partnership with the presidents of the company's North American and international P&C operations, Paul KRUMP will share accountability for underwriting standards and the profitability of the P&C books of business, and all underwriting and product line managers will matrix to him for underwriting. The global underwriting and corporate underwriting functions will report to Paul KRUMP and he will supervise the global product boards, portfolio management processes and underwriting audits.
Additionally, Paul KRUMP will retain his current senior executive responsibility for global claims and risk engineering for the company. In this role, he oversees strategy, policy, delivery standards and overall execution excellence for two core capabilities that contribute significantly to the company's reputation: the Chubb claims organization, with its more than 5,000 professionals who manage, adjudicate and service claims of all sizes and complexity; and the team of more than 400 commercial risk engineers who help companies minimize potential costly exposures with loss mitigation services".