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.
Topics Chubb
Was this article valuable?
Here are more articles you may enjoy.
Home Insurance at $10,000 a Year Shows California Buyers’ Pain 
‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says 
German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan 
QBE to Non-Renew $500M of North American Mid-Market Biz 
