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Chubb Announces Executive Promotions

WARREN, NJ, June 19, 2008 - The Chubb Corporation [NYSE: CB], a global provider of property and casualty insurance, today promoted four executives, it was announced by John D. Finnegan, Chairman, President and Chief Executive Officer.

            John J. Degnan, 63, was promoted to Vice Chairman and Chief Operating Officer.  Degnan, a former Attorney General of New Jersey who joined Chubb nearly 18 years ago, was previously Vice Chairman and Chief Administrative Officer.   

            Paul J. Krump, 48, was promoted to Executive Vice President and Chief Underwriting Officer, responsible for Chubb Commercial Insurance, Chubb Personal Insurance, Chubb Specialty Insurance and Surety.  Krump, who joined Chubb 25 years ago, previously headed Chubb Commercial Insurance.

            Harold L. Morrison, Jr., 50, a 23-year Chubb veteran, was promoted to Executive Vice President and Chief Global Field Officer, in charge of the company’s U.S. and international field operations, comprised of 120 offices in 28 countries.  Morrison was previously in charge of U.S. field operations.

            Dino E. Robusto, 50, was promoted to Executive Vice President and Chief Administrative Officer, in charge of claims, information technology, human resources, communications, administrative services and external affairs.  Robusto joined Chubb 21 years ago and most recently headed the company’s worldwide claims operations.

            Krump, Morrison and Robusto will report to Degnan.

“These promotions give us the right organization to move forward now and to position Chubb for the next generation of leadership,” said Finnegan.  “They represent expanded management roles for these four individuals, who have been among the architects of our strategy and record results in recent years, and they demonstrate the strength and depth of Chubb’s bench of executive talent.”

Founded in 1882, the Chubb Group of Insurance Companies provide property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers.  Chubb’s global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia.  In 2007, The Chubb Corporation had net written premiums of $11.9 billion and net income of $2.8 billion.