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P&C insurance coverage main Chubb has employed Federico Spagnoli from Prudential Monetary to steer the buyer strains for its worldwide common insurance coverage enterprise.
In his newly created place of division president, Spagnoli will oversee Chubb’s shopper strains enterprise throughout 51 nations and territories.
Apart from supplemental well being, private accident and journey insurance coverage merchandise, Chubb presents an array of non-public P&C insurance coverage options via its international shopper strains operations.
Spagnoli, who has greater than 20 years of trade expertise, will assume the brand new duty on 15 January 2024.
At Prudential Monetary, he was the CEO of a fintech enterprise known as Absolutely Ecosystem.
He was the regional president of Prudential Monetary’s Latin America division earlier than taking the helm at Absolutely Ecosystem.
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Spagnoli labored at AIG for almost 13 years, holding numerous positions.
These included regional shopper CEO for EMEA and India, regional shopper strains head for Latin America and regional vice-president for private strains for Latin America.
He additionally held management positions in private strains, accident and well being (A&H) in Japan and South Korea.
In his new function, he’ll report back to Juan Luis Ortega, Chubb Group govt vice-president and president of abroad common insurance coverage.
Ortega mentioned: “On this new function, Federico will present management as we concentrate on optimising and leveraging the total strengths of our shopper providing, from our broad vary of non-public strains and A&H merchandise to our direct advertising platform, relationships with brokers and brokers, and B2B2C digital distribution partnerships via Chubb Studio.
“We have now substantial runway for development in Asia-Pacific, Latin America and Europe, and Federico has the monitor report and experience to assist us realise the mixed potential of our shopper companies.”
Earlier this month, Chubb struck an alliance with NetSPI, a cybersecurity expertise supplier.
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