Paul J. Krump and Bronislaw (Bronek) E. Masojada will join Brown & Brown’s board of directors.
Palmer Proctor, Jr., Brown & Brown’s lead independent director, said: “Paul and Bronek are highly accomplished leaders who have guided some of the world’s most respected insurance companies through periods of extraordinary growth. Their broad and deep knowledge in the insurance industry, together with their international experience, will benefit Brown & Brown as we continue to pursue strategic growth opportunities that create long-term value for our shareholders.”
Krump retired from Chubb Ltd., a publicly traded property and casualty insurance company, effective Jan. 1. He most recently served as vice chairman, global underwriting and claims. He also served as executive vice president, Chubb Group and president, North America commercial and personal insurance.
Masojada was the CEO of Hiscox Group, a global specialist insurer and reinsurer listed on the London Stock Exchange. He first joined Hiscox in 1993 as group managing director. Before joining Hiscox, Masojada began his career at McKinsey & Co. He currently serves as chair of the board of directors of SiriusPoint Ltd.
Powell Brown, Brown & Brown board member and CEO, said: “Paul and Bronek bring a unique perspective to the board supported by their many years of operating insurance companies in the U.S. and international markets. We believe they will be tremendous assets to the board and are thrilled they have chosen to lend their remarkable capabilities to Brown & Brown.”