Chubb Appoints Diego Sosa to Lead Company's Operations in Japan

Rhea-AI Summary

Chubb Limited has appointed Diego Sosa as the new Regional President for the Far East, effective October 1, pending regulatory approval in Japan. Currently serving as Chief Operating Officer in Brazil, Sosa will oversee the company's general insurance operations in Japan, succeeding Brad Bennett, who transitions to Chief Operating Officer of Chubb Life. With over 25 years of experience in insurance, including 13 years at Chubb, Sosa brings substantial leadership and operational expertise.

Positive

• Appointment of Diego Sosa is expected to bring strong leadership and operational experience to Chubb's Japan operations.
• Sosa's previous role as COO in Brazil shows proven capability in managing diverse product lines and operations.

Negative

• Management transition might create temporary uncertainty during the adjustment period.
• Sosa's success will depend on adapting to a new market environment in Japan.

ZURICH, Sept. 9, 2020 /PRNewswire/ -- Chubb Limited today announced that Diego Sosa has been named Regional President, Far East. Currently, Chief Operating Officer for Chubb in Brazil, Mr. Sosa in his new role will have overall responsibility for the management and business results of Chubb's general insurance operations in Japan.

Mr. Sosa succeeds Brad Bennett who, as previously announced, has been named Chief Operating Officer of Chubb Life. Mr. Sosa will relocate to Tokyo and report to Juan Luis Ortega, Executive Vice President, Chubb Group and President, Overseas General Insurance. The appointment is effective October 1, subject to regulatory approval in Japan.

"Our local operations globally – a defining Chubb strength – benefit from our capacity and commitment to recognize and move talent within the organization. Today's announcement again demonstrates the depth and breadth of experience at Chubb," said Mr. Ortega. "Diego has both strong leadership skills and proven operational experience.  He is going to be a valuable addition to our already strong team in Japan, which serves commercial customers with property and casualty insurance products and consumers through personal accident, supplemental health and personal lines products."  

Mr. Sosa has more than 25 years of experience in insurance and finance, including 13 years at Chubb. As Chief Operating Officer for Chubb in Brazil, his responsibilities included oversight of all product lines, agency and broker distribution as well as claims, operations and information technology. Prior to joining Chubb, he was at QBE, where he held country president roles in Mexico and Ecuador.

Mr. Sosa holds a bachelor's degree in Economics from Pontificia Universidad Catolica del Ecuador and a Master of Business Administration degree from Pontificia Universidad Catolica de Chile.  He also holds a Chartered Financial Analyst designation.

About Chubb
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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly. The company is also 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 maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: www.chubb.com.

 

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SOURCE Chubb Limited

FAQ

Who is Diego Sosa and what is his new role at Chubb?

Diego Sosa has been appointed as the new Regional President for Far East, responsible for managing Chubb's operations in Japan.

Why was Diego Sosa appointed as Regional President for Japan?

Sosa was chosen for his extensive experience in insurance and strong leadership skills, previously serving as COO for Chubb in Brazil.

When does Diego Sosa's appointment take effect?

His appointment is effective October 1, 2020, pending regulatory approval.

What was Brad Bennett's previous position before Diego Sosa?

Brad Bennett was the previous Regional President and has now been appointed as Chief Operating Officer of Chubb Life.

How many years of experience does Diego Sosa have in the insurance industry?

Diego Sosa has over 25 years of experience in the insurance and finance industry.