Chubb Enhances Leadership for Latin America Operations

Rhea-AI Summary

Chubb (NYSE: CB) announced key leadership changes in Latin America with two strategic appointments. Mario Romanelli has been named Regional President South America, overseeing operations in Argentina, Brazil, Chile, Colombia, Ecuador, and Peru from Miami. Diego Sosa becomes Regional President Northern Latin America, continuing to lead operations in Mexico, the Caribbean, Central America, Panama, and Puerto Rico. Both will report to Paul McNamee, Executive Vice President, Chubb Group and President, Chubb Overseas General. The changes are effective immediately, following Federico Spagnoli's departure from his role as Regional President, Latin America.

Positive

• Strategic reorganization of Latin American operations to enhance regional focus
• Internal promotion of experienced leaders indicating strong succession planning

Negative

• None.

News Market Reaction

-0.42%

1 alert

-0.42% News Effect

On the day this news was published, CB declined 0.42%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Chubb (NYSE: CB) today announced two appointments that enhance the company's leadership structure in Latin America.

Recognizing fast-moving developments and opportunities across the region, Chubb named Mario Romanelli as Regional President South America and Diego Sosa as Regional President Northern Latin America. Effective immediately, both Mario and Diego will report to Paul McNamee, Executive Vice President, Chubb Group and President, Chubb Overseas General.

Romanelli will lead the regional office in Miami as well as Chubb's operations in Argentina, Brazil, Chile, Colombia, Ecuador and Peru.

Sosa will continue to lead Chubb's operations in Mexico, the Caribbean and Central America and its business in Panama and Puerto Rico.

Commenting on the appointments, McNamee said, "I'm excited to announce the promotion of two of our most experienced, proven and accomplished leaders to accelerate the success we are experiencing across the region. Mario and Diego will empower us to continue advancing the full capabilities of Chubb, providing even greater focus and service quality for our commercial and consumer clients and partners."

Federico Spagnoli, who previously served as Regional President, Latin America, is leaving Chubb to pursue other opportunities.

About Chubb

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/chubb-enhances-leadership-for-latin-america-operations-302293068.html

SOURCE Chubb Limited

FAQ

Who are the new regional presidents for Chubb Latin America operations in 2024?

Mario Romanelli is appointed as Regional President South America, and Diego Sosa as Regional President Northern Latin America, both reporting to Paul McNamee.

What regions will Mario Romanelli oversee at Chubb (CB)?

Mario Romanelli will oversee Chubb's operations in Argentina, Brazil, Chile, Colombia, Ecuador, and Peru, leading from the regional office in Miami.

Which territories fall under Diego Sosa's leadership at Chubb (CB)?

Diego Sosa will lead Chubb's operations in Mexico, the Caribbean, Central America, Panama, and Puerto Rico.