28 September 2015News

ACE executive vice president to take on top Chubb Group role

ACE, which has operations in Bermuda, has appointed Juan Andrade as executive vice president (EVP) of the new Chubb Group and president of the international non-life insurance division, covering both retail broking and wholesale market distribution.

Andrade will take up his new position with the global insurer upon completion of the acquisition of Chubb - expected in the first quarter of next year.

Andrade, who is currently EVP for ACE Group, will assume executive operating responsibility for the company’s non-life insurance operations outside of the US, Bermuda and Canada, including commercial property and casualty (P&C) traditional and specialty personal lines and accident and health insurance.

He will report to John Keogh, current vice chairman and chief operating officer (COO) of ACE Group 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 and 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 commented: “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.”