News | December 12, 1997

Chubb Board Acts on Dividends and Appointments

N/Aany%> today declared a regular quarterly dividend of $0.29 per share payable Jan. 13, 1998 to shareholders of record on Dec. 30, 1997.

The board also elected Thomas F. Motamed and Michael O'Reilly as executive vice presidents of the corporation and Glenn A. Montgomery and Andrew A. McElwee, Jr. as senior vice presidents of the corporation.

Motamed has also been named to the new position of chief operations officer of Chubb's property and casualty business. Motamed, a 20-year company veteran, was most recently senior vice president and western zone officer.

O'Reilly is the chief investment officer for The Chubb Corporation.

Robert P. Crawford, Jr., who has been an executive vice president of the corporation and president of Chubb & Son Inc., will retire at year-end after 32 years with the company. Also retiring at year-end is Edward Dunlop, who joined Chubb a year before Crawford.

Dunlop has been a senior vice president of the corporation and worldwide field operations manager of Chubb's property and casualty business. John Cavoores, currently head of Chubb's European subsidiary, will assume the additional responsibility for all property and casualty operations outside the United States.