Insurer and reinsurer Chubb has revealed that Juan Luis Ortega is to succeed Juan Andrade as Executive Vice President (EVP), Chubb Group and President, Overseas General Insurance, effective immediately.
Ortega is currently Senior Vice President (SVP), Chubb Group and Regional President of Latin America, and in his new role will report to John Keogh, Executive Vice Chairman and Chief Operating Officer (COO) of Chubb.
It was announced earlier today that Andrade has joined Everest Re as COO, before taking over as President and Chief Executive Officer (CEO) of the firm in 2020, succeeding the outgoing Dominic J. Addesso.
Ortega will have executive operating responsibility for the company’s general insurance operations in 51 countries outside of North America, which includes commercial P&C, traditional and specialty personal lines, and also accident and health insurance.
His range of responsibilities will include all products, underwriting, claims, actuarial, and support functions related to the two major divisions that make up Chubb Overseas General – being one with distribution through retail brokers in Europe, Asia Pacific, Japan, Latin America, and Eurasia & Africa, and the other being an excess and surplus lines company with distribution through brokers in the London wholesale market and Lloyd’s of London.
Chubb’s Chairman and CEO, Evan Greenberg, said: “It is a great pleasure to appoint Juan Luis to lead our international general insurance operations. During his 20-year tenure with the company, he has assumed increased responsibility and demonstrated outstanding leadership and business acumen.
“I have every confidence in Juan Luis’s experience and skills as a leader and manager to drive business results and build on the substantial presence and capabilities of our global business. John Keogh and I look forward to working with Juan Luis in his new role.”
Keogh added: “Juan Luis is a proven insurance executive and a true internationalist. He has a proven track record of accomplishment in multiple regions of the world, profitably growing our business in Latin America and Asia Pacific the past 12 years. This is an exceptional opportunity for Juan Luis to now profitably grow our entire international general insurance franchise. I am excited to continue working with Juan Luis in his new leadership role.”
Ortega brings two decades of industry experience to the role and was appointed Regional President of Latin America in 2016, and also served as Regional President for Asia Pacific from 2013 – 2016.
