View this article online: https://www.insurancejournal.com/news/international/2015/11/25/390095.htm
ACE Ltd. announced the leadership team it intends to appoint for the Latin America region of the new Chubb Group’s Overseas General Insurance division, which includes Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Puerto Rico, Central America and the Caribbean.
The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016.
As previously announced, Jorge Luis Cazar will serve as senior vice president of the new Chubb Group and regional president, Latin America. The leadership team reporting to Cazar will include:
Cazar will report to Juan C. Andrade, executive vice president, ACE Group, Personal Lines and chief operating officer of ACE Overseas General, and who as previously announced will serve as executive vice president of the Chubb Group and president of the Overseas General Insurance division.
“ACE has built a broad and deep presence across Latin America with a very balanced mix of businesses,” said Andrade. “The team that will lead this important region is comprised of experienced, capable and effective managers who understand that insurance is a local business driven by local relationships.”
Andrade noted that ACE sees significant, long-term growth opportunities in Latin America in the commercial/industrial area “where there is a need to develop critical infrastructure in many countries.” There are also opportunities in the consumer side “where there is a growing middle class,” he added.
“I am confident that Jorge Luis, leading this strong team, including new colleagues from Chubb, will deliver superior products and services for our clients and partners across Latin America as well as superior results for the organization,” Andrade said.
Cazar commented that he is pleased to announce the leadership team for the new Chubb Group’s Latin America region.
“Marcos [Gunn] is a strong executive who brings deep experience in Mexico, one of our most important markets. Antonio [Trindade] is one of the most accomplished and experienced insurance industry executives in Brazil. Pablo [Korze], Fabiola [Franco] and David [Heard] combine an appreciation of the nuances of Latin America’s different markets with a deep understanding of their respective product lines,” Cazar said.
“I am also very pleased that Herman [Weiss] will be leading our important Andean region. He represents the best of Chubb, and we look forward to working with him and other new Chubb colleagues when the transaction is completed,” he added.
Source: ACE Group
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