Chubb plucks Prudential / AIG vet to lead global consumer lines
Insurance giant Chubb nabbed a veteran of Prudential Financial to oversee the group’s consumer lines across 51 countries and territories in the group’s overseas operations.
Federico Spagnoli takes the newly created role of division president, consumer lines for overseas general insurance, the company's international general insurance operations. Chubb defines its
international consumer lines as a broad range of personal property and casualty insurance products as well as personal accident, supplemental health and travel insurance.
Spagnoli joins Chubb from Prudential Financial, where he served as chief executive officer of Fully Ecosystem, a wellness fintech venture.
Prior to leading Fully Ecosystem, he served as regional president, Latin America for Prudential Financial. Spagnoli served nearly 13 years at AIG, including as regional consumer CEO for EMEA and India, regional consumer lines head for Latin America, personal lines regional VP for Latin America, and accident and health and personal lines leadership roles in Japan and South Korea.
Juan Luis Ortega, EVP of Chubb Group and President of overseas general insurance, commented: "Federico is a seasoned executive who brings significant experience building and leading consumer insurance and digital businesses across Asia, Europe and Latin America. 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."
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