People – Southeast

The Chubb Corp.’s board of directors announced that John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb policy that senior executives should retire at age 65. With Finnegan remaining as CEO over the next three years, Chubb said its board will continue its review of CEO succession planning as part of its established succession management procedures.

In connection with this review, Chubb announced a realignment of responsibilities among the top members of Chubb’s management team, with Paul J. Krump, 53, who is currently president of commercial and specialty lines, becoming president of personal lines and claims, and Dino E. Robusto, 55, who is currently president of personal lines and claims, becoming president of commercial and specialty lines. Krump will retain responsibility for the accident and health business and Robusto will retain responsibility for information technology.

In addition, Richard G. Spiro, 49, will remain chief financial officer and assume responsibility for corporate development.

The realignment is intended to broaden the experience of the executives and enhance their ability to contribute to the leadership in the future, the announcement said.

Under Chubb’s usual policy, Finnegan would have had to retire at the end of 2014. “The board’s decision was based on its high level of satisfaction with Chubb’s overall performance since John Finnegan became CEO in December 2002,” said James M. Zimmerman, lead director.

Kevin T. Westrope, president of Westrope, an independent wholesale brokerage based in Kansas City, Mo., has been elected president of the National Association of Professional Surplus Lines Offices (NAPSLO) for the 2013-2014 term. Westrope has served on the NAPSLO board of directors since 2007 and was elected to the executive committee in 2010.

NAPSLO members also elected the full slate of officers:

Vice President Hank Haldeman, The Sullivan Group, Los Angeles; Secretary Gilbert C. Hine, Jr., McClelland & Hine Inc., San Antonio; and Treasurer David E. Leonard, RSUI Group Inc., Atlanta.

Directors elected include: Lana S. Parks, The Parks Group Inc., Arlington, Tex.; Jacqueline M. Schaendorf, Insurance House Inc., Atlanta.; Kevin T. Westrope, Westrope, Kansas City; Carlton Maner, AXIS Insurance, Alpharetta, Ga.; and F. Marshall Turner, Maxum Indemnity Co., Alpharetta, Ga.

State Auto Insurance Companies President, Chairman and CEO Bob Restrepo has been elected chair of the board of governors of the 1,000-member Property Casualty Insurers Association of America (PCI). The one-year term began with Restrepo’s election during last month’s PCI annual meeting in Boston, Mass.

Restrepo said that among objectives for his term are renewal of the federal terrorism risk insurance program and backing the state-based regulatory system in the face of threats at the national and international level.

Restrepo is currently chairman of the board of trustees of the Columbus College of Art and Design and a member of the Columbus Partnership. He also serves on the board of directors of the Columbus Chamber of Commerce, The Institutes, the Insurance Information Institute and Nuclear Electric Insurance Limited. Restrepo previously served as chairman of the American Insurance Association.

Florida Insurance Commissioner Kevin McCarty said that Rebecca Matthews will serve as interim chief of staff for the Office of Insurance Regulation. She currently serves as deputy chief of staff. Matthews succeeds Audrey Brown. Prior to joining the OIR in 2008, Matthews was legislative affairs director for the Florida Department of Management Services and the Florida Lottery.

Topics Florida Chubb