Retiring Chubb COO to Remain as Consultant

Chubb has inked a consulting agreement with retiring COO and Vice Chairman John Degnan, who will stay on next year as a senior adviser to the New Jersey-based insurer.

Degnan, who is set to retire at the end of the month, will continue to provide advice and assistance on regulatory issues, trade and corporate association matters, legal and regulatory proceedings, claims and matters. He will also remain on the company’s board.

The year-long agreement calls for Degnan to earn $500,000.