SAN ANTONIO, Dec. 11, 2020 /PRNewswire/ -- USAA announced Juan C. Andrade as the newest member of its Board of Directors. Andrade will serve on the Board's Risk and Compliance and Member and Technology committees.
Andrade brings more than 25 years of expertise in the insurance industry to USAA's Board. He has served in executive leadership roles in underwriting, product development and innovation, claims, sales and distribution, and strategy development; and in general management, where he was responsible for leading all aspects of the business.
He currently serves as a Director, President and Chief Executive Officer of the Everest Re Group, Ltd, a leading global provider of reinsurance and insurance solutions and an S&P 500 Company. Before joining Everest, he was Executive Vice President of the Chubb Group and the President of Chubb Overseas General. He was responsible for Chubb's general insurance business in more than 50 countries outside of North America. His portfolio included commercial property and casualty, traditional and specialty personal lines, and accident and health insurance.
"Juan's deep industry expertise will help sharpen how we serve military families and continue to compete in a sophisticated marketplace," USAA President and CEO Wayne Peacock said.
Prior to ACE Limited's acquisition of Chubb in January 2016, Andrade was an EVP of ACE and the President of Global Personal and Business Insurance and the Chief Operating Officer for ACE Overseas General. He held senior leadership roles with The Hartford and Progressive, and he started his insurance career with AIG. Prior to commencing his insurance career, Andrade worked in national security and international affairs within the U.S. Federal Government's executive branch, including the Drug Enforcement Administration, the Office of the Secretary of Defense, and the Executive Office of The President.
"I am honored to be joining the USAA family and to have an opportunity to serve our military community. USAA is an outstanding company and I look forward to working with my fellow Directors and the executive management team in continuing to create value and develop financial solutions for our members and their families," Andrade said.
USAA Board Chairman Adm. Thomas Fargo, USN (Ret.), cited Andrade's public sector experience as a plus for USAA.
"Juan brings a unique blend of insurance and governmental affairs experience," Fargo said. "His diverse views and insights, together with his expertise in managing risk, will help to ensure USAA continues to innovate to meet the needs of our members today and in the future."
Andrade earned a Bachelor of Science degree in Journalism with a minor in Political Science from the University of Florida and was honored as a Distinguished Alumni in 2018. He also holds a Master of Arts degree in International Economics and Latin American Studies from the School of Advanced International Studies at the Johns Hopkins University.
About USAA
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking and investment and retirement solutions to 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, Tex., USAA has offices in seven U.S. cities and three overseas locations and employs more than 35,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
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