ACE appoints EVP of Chubb Group
Multiline property and casualty (P&C) insurer ACE has appointed Juan Andrade as executive vice president (EVP) of the new Chubb Group and president of the international non-life insurance division, which covers operations with both retail broker and wholesale market distribution.
The appointment will take effect upon completion of the acquisition of Chubb, which is expected to take place in the first quarter of next year.
Andrade is currently executive vice president, ACE Group, personal lines and chief operating officer of ACE Overseas General, the company’s international non-life insurance division in more than 50 countries and territories outside North America.
In his future role, Andrade will have executive operating responsibility for the company’s non-life insurance operations outside of the US, Bermuda and Canada, including commercial P&C, traditional and specialty personal lines, and accident and health insurance.
Andrade will report to John Keogh, who is currently vice chairman and chief operating officer (COO) of ACE Group and who will continue to serve in that role for the parent company.
Prior to joining ACE in 2010, Andrade was president and COO of P&C operations for The Hartford Financial Services Group. He also served as president of commercial markets and EVP for sales and distribution.
Evan Greenberg, chairman and chief executive officer (CEO), ACE said: “I am so pleased to appoint Juan to this role. During his five-year tenure with ACE, he has assumed increased responsibility and with each move has demonstrated outstanding leadership. He is an excellent executive with a proven track record of accomplishment.
“Juan is a great partner who has proven he’s ready for this important role. The company’s international businesses have been an important part of the ACE growth story and will remain so going forward. I have every confidence in Juan’s experience and skills as a leader and manager to drive business results and build on the substantial presence and capabilities of a global business that operates in 54 countries and serves customers in more than 190 nations.”
Keogh added: “Juan has a deep understanding of the nuances of each local market – its geography and history, culture, economy and politics. He is a true internationalist. I am excited to continue working with Juan as we combine the international operations of ACE and Chubb and deepen our presence and capabilities around the globe.”
