Juan C. Andrade, the President and Chief Executive Officer (CEO) of Bermuda-based reinsurer Everest Re Group, Ltd., has been appointed to serve on the board of USAA’s Risk and Compliance and Member and Technology committees.
Andrade brings over 25 years of insurance and reinsurance industry experience to the firm, having served in executive leadership roles in underwriting, product development and innovation, claims, sales and distribution, and strategy development.
Prior to joining re/insurer Everest Re, Andrade served as Executive Vice President of Chubb Group and the President of Chubb Overseas General. During his time with Chubb, he was responsible for the firm’s general insurance business in over 50 countries outside of North America.
Prior to ACE’s acquisition of Chubb in January 2016, he served as EVP of ACE and the President of Global Personal and Business Insurance and the Chief Operating Officer for ACE Overseas General. Previously, he has held roles with The Hartford and Progressive, having started his career in the industry with AIG.
Before his insurance career, Andrade worked in national security and international affairs within the U.S. Federal Government’s executive branch, including the Drug Enforcement Administration, the Office of the Secretary of Defense, and the Executive Office of The President.
“Juan’s deep industry expertise will help sharpen how we serve military families and continue to compete in a sophisticated marketplace,” said USAA President and CEO, Wayne Peacock.
Andrade added: “I am honored to be joining the USAA family and to have an opportunity to serve our military community. USAA is an outstanding company and I look forward to working with my fellow Directors and the executive management team in continuing to create value and develop financial solutions for our members and their families.”
While USAA Board Chairman Adm. Thomas Fargo, USN (Ret.), said: “Juan brings a unique blend of insurance and governmental affairs experience. His diverse views and insights, together with his expertise in managing risk, will help to ensure USAA continues to innovate to meet the needs of our members today and in the future.”