The current vice president of the Catalana Occidente group, Hugo Serra, will be the new CEO from January 1, succeeding Ignacio Álvarez, who will leave his post at the end of the year for personal reasons after ten years as the entity’s chief executive.
Serra, third generation of the founding family of the group and son of the president, holds a BSBA (Bachelor of Science in Business Administration) from the University of Wales, a degree in Business Administration from the Polytechnic University of Catalonia (UPC) and an MBA from the IESE, and After holding various responsibilities in multinational companies in the financial sector, he joined the Catalana Occidente group as a member of the board of directors in 2006.
In 2008 he began a tour of different areas of the group until in 2009 he began to support the Presidency. In 2013 he was appointed deputy general director to the Presidency, and from that position, he has directed the Operations department; that of Investments; and that of Innovation, Marketing and Business Development (IMD). He is currently also vice-chairman of the group’s board of directors, as well as a director in different companies.
The president of the Catalana Occidente group, José María Serra, thanked Ignacio Álvarez for his dedication and dedication, who joined the group in 2004 after the acquisition of Seguros Bilbao. In his ten years as CEO, various operations have been successfully executed such as the purchase of Plus Ultra Seguros (2012); that of Previsora Bilbaína (2016) and more recently that of Antares (2019). Furthermore, the Atradius acquisition process was completed in 2010, making the Group the second largest operator in the credit insurance business in the world.
José María Serra stressed that “the appointment of Hugo Serra will help to give continuity to the strategy of the Catalana Occidente group based on its three pillars: growth, profitability and solvency”.
The Catalana Occidente group has also announced this Thursday that it has obtained a consolidated result of 392.2 million euros in the first nine months of the year, 74.2% more than in the same period of the previous year, and the volume of business it has increased by 7% to 3,720.6 million euros, with growth in both traditional business and credit insurance.
Permanent resources at market value between January and September 2021 grew 7.5% compared to the end of 2020 to 5,015.4 million euros. For their part, managed funds stood at 15,439.5 million euros, 4.6% more.