P&C insurance coverage main Chubb has employed Federico Spagnoli from Prudential Monetary to guide the patron traces for its worldwide basic insurance coverage enterprise.
In his newly created place of division president, Spagnoli will oversee Chubb’s shopper traces enterprise throughout 51 nations and territories.
Moreover supplemental well being, private accident and journey insurance coverage merchandise, Chubb affords an array of non-public P&C insurance coverage options by way of its world shopper traces operations.
Spagnoli, who has greater than 20 years of trade expertise, will assume the brand new duty on 15 January 2024.
At Prudential Monetary, he was the CEO of a fintech enterprise referred to as Totally Ecosystem.
He was the regional president of Prudential Monetary’s Latin America division earlier than taking the helm at Totally Ecosystem.
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Spagnoli labored at AIG for practically 13 years, holding varied positions.
These included regional shopper CEO for EMEA and India, regional shopper traces head for Latin America and regional vice-president for private traces for Latin America.
He additionally held management positions in private traces, accident and well being (A&H) in Japan and South Korea.
In his new position, he’ll report back to Juan Luis Ortega, Chubb Group government vice-president and president of abroad basic insurance coverage.
Ortega mentioned: “On this new position, Federico will present management as we concentrate on optimising and leveraging the complete strengths of our shopper providing, from our broad vary of non-public traces and A&H merchandise to our direct advertising platform, relationships with brokers and brokers, and B2B2C digital distribution partnerships by way of Chubb Studio.
“We now have substantial runway for development in Asia-Pacific, Latin America and Europe, and Federico has the observe report and experience to assist us realise the mixed potential of our shopper companies.”
Earlier this month, Chubb struck an alliance with NetSPI, a cybersecurity know-how supplier.
