Finnegan Named New Chubb CEO

November 4, 2002

John Finnegan, executive vice president of General Motors Corporation and chairman and president of General Motors Acceptance Corporation, has been elected president, CEO and a director of The Chubb Corporation, effective Dec. 1.

Finnegan will succeed Dean O’Hare, who will retire as chairman and CEO on Nov. 30 after 39 years with Chubb, including 14 years as CEO.

In addition, Chubb’s lead director, Joel Cohen, has been elected non-executive chairman of the Board. Executive Vice President and COO Thomas Motamed has been promoted to vice chairman and COO. President John Degnan and executive vice president Michael O’Reilly have been promoted to vice chairmen and will retain their current responsibilities.

The three new vice chairmen will report to Finnegan. All of these changes will be effective Dec. 1.

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