Chubb has announced the appointment of Federico Spagnoli as its new Division President, Consumer Lines for Overseas General Insurance. He joins from Prudential Financial, where he was Chief Executive Officer at Prudential Financial’s wellness wellness fintech venture, Fully Ecosystem.
Spagnoli will commence his new role on January 15 2024, reporting directly to Juan Luis Ortega, the Executive Vice President of Chubb Group and President of Overseas General Insurance. His new position will see him lead and strengthen Chubb’s consumer lines offering across 51 countries and territories.
His two decades of experience includes nearly 13 years at AIG, where he served in various leadership roles, including Regional Consumer CEO for EMEA and India, and Regional Consumer Lines Head for Latin America.
Commenting on the appointment, Ortega said, “Federico is a seasoned executive who brings significant experience building and leading consumer insurance and digital businesses across Asia, Europe and Latin America.”
Ortega also highlighted the avenues for growth in various global regions and expressed confidence in Spagnoli’s ability to harness the potential: “We have substantial runway for growth in Asia Pacific, Latin America and Europe, and Federico has the track record and expertise to help us realize the combined potential of our consumer businesses.”
Chubb’s international consumer lines encompass a variety of personal property and casualty insurance products, as well as personal accident, supplemental health, and travel insurance.