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