ACE Ltd., in the final months of concluding its $28.3 billion acquisition of The Chubb Corp., has appointed one of its own to lead the company’s combined international non-life insurance operations.
Juan Andrade will become executive vice president of the new, post-merger Chubb Group and also president of the international non-life insurance division, encompassing operations with both retail broker and wholesale market distribution. Right now, he’s executive vice president, ACE Group, personal lines and chief operating officer of ACE Overseas General, ACE’s international non-life insurance arm.
Andrade’s responsibilities will be wide reaching. He’ll be leading all non-life insurance operations outside of the U.S., Bermuda and Canada. This includes commercial property/casualty, traditional and specialty personal lines, and accident/health insurance. ACE/Chubb’s combined international non-life operation includes two major businesses. One distributes through retail brokers in Europe, Asia Pacific, China, Japan, Latin America and Eurasia/Africa. The other is an excess and surplus lines company that distributes through brokers in the London wholesale market and Lloyd’s.
Andrade will continue his job leading ACE’s global personal lines and small commercial insurance business until the merger deal closes. He’ll report to John Keogh, currently vice chairman and chief operating officer of ACE Group, who will keep the same role for the post-merger parent company.
Before joining ACE in 2010, Andrade developed his leadership experience with various executive positions at The Hartford, The Progressive Corp. and American International Group.
Earlier in September, ACE fleshed out the leadership team for its post-merger North America business units and major product lines.
Source: ACE Ltd