Weston Hicks resigned as CFO of Chubb

Corp., the $7.7 billion insurer, to become executive vice president of Alleghany Corp., a $925 million provider of insurance, minerals and steel fasteners based in New York City. He will supervise Alleghany's investment portfolio and insurance holdings. Hicks, 45, reportedly decided to leave Chubb after learning he wouldn't be named to succeed Dean O'Hare, its chairman and CEO, who is retiring at the end of the year. Chubb named Michael O'Reilly, its executive vice president and chief investment officer, as interim CFO and said he's likely to serve until a new CEO is appointed.

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