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.
Was this article valuable?
Here are more articles you may enjoy.
US P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
Louvre Tightens Security After $102M Jewel Heist, Installs Bars on Infamous Window 
Verisk Pulls Plug on $2.4 Billion AccuLynx Deal After FTC Review Delay 
