Paul J. Krump, Executive Vice President, Chubb Group
President, North America Commercial and Personal Insurance
Paul J. Krump is Executive Vice President of Chubb Group and President, North America Commercial and Personal Insurance. Mr. Krump has executive operating responsibility for the retail commercial property and casualty (P&C) insurance businesses serving the middle market and small commercial customer segments in the United States and Canada, as well as the company’s personal lines insurance business serving affluent and high net worth (HNW) individuals and families in North America.
Prior to ACE’s January 2016 acquisition of Chubb, Mr. Krump was Chief Operating Officer of The Chubb Corporation, responsible for the company’s Commercial, Specialty, Personal and Accident & Health insurance lines; Claims; Global Field Operations; Information Technology; Human Resources; Communications; and External Affairs.
The business units of North America Commercial and Personal Insurance include Commercial Insurance, the retail commercial P&C insurance business that serves the middle market in the U.S. and Canada; Small Commercial, the retail commercial P&C insurance business that serves small commercial clients in the U.S. and Canada; and Personal Risk Services, which provides affluent and high net worth individuals and families with homeowners, automobile, valuables, umbrella and recreational marine insurance.
Mr. Krump also has senior executive responsibility for global claims and risk engineering. Mr. Krump joined the predecessor Chubb company in 1982 as a commercial underwriting trainee in the Minneapolis office. He held numerous headquarters and field positions in the United States and Europe, including President of Personal Lines and Claims and President of Commercial and Specialty Lines. He was also a member of the Executive Committee.
Mr. Krump holds a Bachelor of Arts degree in Business Administration from Saint John's University in Collegeville, Minn. He also has attended executive management programs at IMD in Lausanne, Switzerland; the Kellogg School of Management at Northwestern University in Evanston, Ill; and the U.S. Army War College/Columbia Business School.
He serves on the executive committee of The Council of Insurance Company Executives and on the Board of Trustees of The Institutes, the leading professional development and research organization for risk management and insurance.