ACE Limited has announced its newest senior leadership selection, appointing Juan C. Andrade to the position of executive VP of the new
Chubb Group. He had previously acted as executive vice president, ACE Group, Personal Lines and Chief Operating Officer of ACE Overseas General.
In addition to this role, Andrade will also serve as president of the International non-life Insurance division, which will include Chubb’s retail broker operations and its wholesale market distribution.
Andrade will take office when the acquisition has been finalized, which is expected to happen in the first quarter of 2016.
His new position will entail “executive operating responsibility” for Chubb’s commercial, P&C, traditional and specialty personal lines and accident and health insurance.
He will also oversee distribution and retail brokers in six global regions, as well as excess and surplus lines originating from the London wholesale market and Lloyd’s. He will be responsible for all products, underwriting, claims, actuarial and support under that umbrella.
In the meantime, he will continue leading global personal lines and small commercial insurance business until the conclusion of the transaction, in order to facilitate a smooth transition.
ACE leaders are optimistic about the appointment and the experience the new VP will bring to bear on his work.
Andrade has previously served in executive positions with The Hartford Financial Services Group and The Progressive Corporation. He also has experience in international property and casualty businesses for
AIG.
