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P&C insurance coverage main Chubb has employed Federico Spagnoli from Prudential Monetary to guide the buyer traces for its worldwide common insurance coverage enterprise.
In his newly created place of division president, Spagnoli will oversee Chubb’s client traces enterprise throughout 51 nations and territories.
Apart from supplemental well being, private accident and journey insurance coverage merchandise, Chubb provides an array of non-public P&C insurance coverage options by its international client traces operations.
Spagnoli, who has greater than twenty years of trade expertise, will assume the brand new accountability 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 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 common insurance coverage.
Ortega stated: “On this new position, Federico will present management as we concentrate on optimising and leveraging the total strengths of our client 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 Chubb Studio.
“We’ve got substantial runway for development 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 know-how supplier.
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