Experienced executive to focus on optimizing full strength of
Chubb's consumer insurance offering across international
markets
NEW
YORK, Dec. 12, 2023 /PRNewswire/ -- Chubb today
announced that Federico Spagnoli has
been appointed Division President, Consumer Lines for Overseas
General Insurance, the company's international general insurance
operations. He joins Chubb from Prudential Financial, where he
served as Chief Executive Officer of Fully Ecosystem, a wellness
fintech venture. In his newly created role, which is effective
January 15, 2024, Spagnoli will have
responsibility for Chubb's consumer lines in 51 countries and
territories.
Chubb's international consumer lines comprise a broad range of
personal property and casualty insurance products as well as
personal accident, supplemental health and travel insurance.
Spagnoli will report to Juan Luis
Ortega, Executive Vice President, Chubb Group and President, Overseas General
Insurance.
"Federico is a seasoned executive who brings significant
experience building and leading consumer insurance and digital
businesses across Asia,
Europe and Latin America," said Ortega. "He is joining
Chubb at an exciting time for our consumer businesses, which bring
together a unique combination of product distribution and
technology capabilities. In this new role, Federico will provide
leadership as we focus on optimizing and leveraging the full
strengths of our consumer offering, from our broad range of
personal lines and A&H products to our direct marketing
platform, relationships with agents and brokers, and B2B2C digital
distribution partnerships through Chubb Studio. We have substantial
runway for growth in Asia Pacific,
Latin America and Europe, and Federico has the track record and
expertise to help us realize the combined potential of our consumer
businesses."
Spagnoli has more than 20 years of experience in insurance.
Prior to leading Fully Ecosystem, he served as Regional President,
Latin America for Prudential
Financial. Over nearly 13 years at AIG, he held positions of
increasing responsibility, including Regional Consumer CEO for EMEA
and India; Regional Consumer Lines
Head for Latin America; Personal
Lines Regional Vice President for Latin
America; and accident and health and personal lines
leadership roles in Japan and
South Korea.
Spagnoli holds a degree in Law from Universidad del Salvador, an MBA degree in Management and
Finance from Washington University in
St. Louis, and a Postgraduate
Diploma in Strategy and Innovation from the University of Oxford. He also holds the Chartered
Property Casualty Underwriting (CPCU) designation.
About Chubb
Chubb is the world's largest publicly traded property and
casualty insurance company. With operations in 54 countries and
territories, Chubb provides commercial and personal property and
casualty insurance, personal accident and supplemental health
insurance, reinsurance and life insurance to a diverse group of
clients. As an underwriting company, we assess, assume and manage
risk with insight and discipline. We service and pay our claims
fairly and promptly. The company is also defined by its extensive
product and service offerings, broad distribution capabilities,
exceptional financial strength and local operations globally.
Parent company Chubb Limited is listed on the New York Stock
Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New
York, London, Paris and other locations, and employs
approximately 40,000 people worldwide. Additional information can
be found at: www.chubb.com
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SOURCE Chubb