Richard G. Spiro has been named to the position of executive vice president and chief financial officer of The Chubb Corporation.
Spiro, 44, will join Chubb as executive vice president on Oct. 1 and will assume the CFO position in early November, following the filing of Chubb’s Form 10-Q for the third quarter of 2008. He will succeed Michael O’Reilly, vice chairman and CFO, whose retirement was announced previously. O’Reilly, who served 39 years at Chubb, will remain at company until the end of 2008 to assist in the transition.
Spiro joins Chubb from Citigroup Global Markets Inc., where he was a managing director in its financial institutions investment banking group. He held a variety of positions in Citigroup’s financial institutions group, including head of North America, global head of insurance investment banking and co-head of the insurance, asset management, exchanges and processors group.
Specializing in advising insurance companies for more than 20 years, Spiro has been involved in numerous initial public offerings; equity, debt and hybrid financings; and mergers and acquisitions. He began his investment banking career at The First Boston Corporation in 1986 and joined Citigroup in 1999. Prior to joining Citigroup, he was a managing director at Lehman Brothers.
Source: Chubb Group of Insurance Companies
How States Rank in Injury Prevention
More Top Executives Say Bribes for Business Acceptable
Study: Drug Testing Driving Calif. Workers’ Comp Costs
Maryland’s State-Run WC Insurer IWIF to Become Private Nonprofit Co.
Saints’ Vilma Sues NFL Commissioner Goodell for Defamation
Safety Report Cites Lack of Progress in Reducing Motorcyclist Deaths
A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid
Safety Inspections Don’t Hurt Businesses; Do Lower Workers’ Comp Costs: Study
