ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims

ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the completion of the acquisition of Chubb, which is expected in the first quarter of next year.”

ACE said: “Krump will provide counsel, assistance and direction to Frank Lattal, who is currently Chief Claims Officer for ACE Group.” He will continue in that role, reporting to Krump.

Krump will also partner with Jacques Bonneau, who is Executive Vice President, Global Underwriting, ACE Group and who will continue to serve in that role.

Krump will report to John Keogh, who is currently Vice Chairman and Chief Operating Officer of ACE Group and who will continue to serve in that role. In addition, he will join the parent company’s Executive Committee.

ACE Chairman and CEO Evan G. Greenberg commented: “I am pleased to announce our intention to appoint Paul to this senior corporate position where he will work closely with our many underwriting and claims executive colleagues around the globe.” He also noted Krump’s extensive underwriting experience; adding that “a well-run insurance company is an underwriting company.”

Source: ACE Group