Management

Board of Directors

According to the Company’s Bylaws, the Board of Directors of IRB-Brasil Resseguros S.A. is decision-making body composed of a minimum of seven (7) and maximum of nine (9) sitting members and one alternate for the Chairman, elected by the General Shareholders’ Meeting, which may dismiss them at any time. The members of the Board of Directors will have a unified term of office of two (2) years, and they can be reelected.

Click here to read the Board of Directors’ Internal Rules. *

Name
Office
Antonio Cássio dos Santos
Chairman

Mr. Santos is an economist and holds two MBA degrees: in Brazil by IBMEC/SP and in the United States by Vanderbilt University/Tennessee, where he also obtained a specialization in Latin American Affairs; Studied a Master’s Degree in Psychotherapy from Escola Paulista de Psicodrama; Post-Master in Global Business from IESE Madrid; specializations by London Business School in Business Leadership and Digital Transformation, by IMD Lausanne in Diversity and Inclusion, by Cambridge School in Sustainability and by Consciousnesses EEUU in Applied Quantum Physics – Access Bar. He also concluded the Course on Best Practices for the Board of Directors, the Audit Committee and IRB’s Management Responsibility, taught by the Brazilian Institute of Corporate Governance (IBGC). He has received, for four times, the “Executivo de Valor” award as the Best CEO in the Sector by Valor Econômico newspaper, and he is one of the 5 most influential executives in Latin America in the insurance sector according to Insurance Business Review. With over 40 years of experience in the area, he chaired the Brazilian Federation of Life and Pension at the beginning of the last decade. Among the main positions he has held include: i) before joining IRB and for the past 5 years he held positions on the Board of Directors of various units around the world at Assicurazioni Generali S.p.A, where, until March 2020, he held the position of CEO for the Americas and Southern Europe Regions; (ii) He was CEO of Zurich Insurance Group for Latin America, when he also held the position of Chairman for Latin America and Member of the company’s Global Advisory Board from 2011 until 2015; iii) as Executive Chairman, he chaired the Mapfre Brasil Seguros Group between 2000 and 2011; iv) worked at Whirlpool in various senior management positions in Brazil and United States between 1992 and 2000; and v) between 1979 and 1992, he developed his career passing through several companies in the sector, from the position of “clerk” to reaching at age of 24 the CFO position. In addition, he is a representative member of Brazil in the Genéve Association, an important entity that brings together relevant personalities from the insurance world and considered the main think tank in the sector.

Jorge Lauriano Nicolai Sant'anna
Alternate Chairman

Mr. Sant’anna has over 35 years of professional experience in business development, corporate transformations and Business Unit implementations, in several business segments. Great experience in the financial, capital and insurance markets where he served as Executive Officer and CEO in several companies and banks. Founder and current Chairman of the Board of Directors of CRT4 – Securities and Assets Registration Center. Founder and current CEO of BMG Seguros, an insurance company specialized in the Guarantee Insurance segment that started operating in 2016. Reporting directly to New York and covering all Citibank’s Business and Functions in Brazil, he was responsible for coordinating the Management process Expenses Matrix, Strategic Sourcing Procurement, Process Reengineering and Organizational Structures Optimization Projects. Responsible for the Coordination of the “Brazil Expense Management Program”, which in 2012 provided a reduction of US$150 million in the Bank’s cost base in relation to 2011. As Executive Officer he was responsible for the restructuring process of CETIP S.A. – Balcão Organizado Assets and Derivatives in all its dimensions, carried out from 2004. In 2010 he led the demutualization process and the Company’s IPO. He led the restructuring of IOB Thomson, after its acquisition by the Thomson Group, developing and implementing a new organizational concept from both a market and an operational point of view. As Executive Officer of Agencia Estado – OESP, he was responsible for implementing a new operations strategy, involving the areas of corporate business, commercial, marketing, product development, IT and infrastructure.

Antonio Francisco de Lima Neto
Independent Member

Antonio Francisco de Lima Neto was an Audit Committee member at Grupo Itaú Unibanco from June 2015 to June 2021 and has been an independent member of the Audit Committee of Itaú CorpBanca (Chile) since 2018. He was Banco Fibra’s Chief Executive Officer (2009 to 2013) and held several positions at Banco do Brasil S.A., including Chief Executive Officer (2006 to 2009); Retail and Distribution Vice President (2005 to 2006); International Business and Wholesale Vice President (2004 to 2005); Commercial Director (2001 to 2004); Executive Head of the Commercial Board (2000 to 2001); State Superintendent of Tocantins office (1999 to 2000) and Regional Superintendent of Belo Horizonte office (1997 to 1999). He served as a Board of Directors member of Brasilprev Seguros e Previdência S.A. (2007 to 2009); Board of Directors member of the Brazilian Federation of Banks (FEBRABAN) (2006 to 2009); Board of Directors member of BB Securities Limited (2004 to 2005); Board of Directors member of Brasilsaúde Companhia de Seguros (2003 to 2005); Board of Directors member of Companhia de Seguros Aliança do Brasil (2001 to 2009) and Board of Directors member of BB Previdência – Banco do Brasil Pension Fund (2000 to 2007). He holds a bachelor’s degree in economics from the Federal University of Pernambuco, and a master’s degree in economics from the Getúlio Vargas Foundation (FGV), São Paulo, Brazil. He participated in the Course for Board Members of the Brazilian Institute of Corporate Governance (IBGC), a Lato Sensu postgraduate degree in Marketing from the Pontifical Catholic University of Rio de Janeiro (PUC-RJ), Rio de Janeiro, Brazil and has an MBA in Executive Training by Fundação Dom Cabral, São Paulo, Brazil.

Ellen Gracie Northfleet
Independent Member

Ms. Northfleet has a Law degree from the Federal University of Rio Grande do Sul – UFRGS, with a postgraduate degree in Social Anthropology, from the same university. She was a fellow of the US Government’s Fulbright Foundation – Hubert Humphrey Fellowship Program, with academic affiliation to the American University, Washington DC School of Public Affairs – Department of Justice, Law & Society, where she studied Complex Organizational Theories in Court Systems and Legal Organizations, and Court Management Practices. She has held the positions of Federal Prosecutor (1973-1989), Judge of the Federal Court of the 4th Region (1989-2000), Minister of the Federal Supreme Court (2000-2011) and Minister of the Superior Electoral Court. She has served as President of the Federal Court of the 4th Region (1996-1998), President of the Federal Supreme Court (2006-2008), and President of the National Justice Council (2006-2008). She is a member of the board of directors of different entities, such as the following: The World Justice Project, the International Center for Arbitration for Sports – ICAS, and the International Council for Commercial Arbitration – ICCA. She was also a member of the World Bank’s Sanctions Board. In addition, she has also been a member and chaired Independent Investigation Committees created to supervise internal investigations conducted within the scope of Petrobras and Eletrobrás. She also chaired the Independent Committee of Vale to investigate causes and possible responsibilities in the context of the breach of Dam I of the Córrego do Feijão mine, in Brumadinho – MG. She is a member of the Technical Council of the National Federation of Trade in Goods, Services and Tourism (CNC), of the Legal Council (CONJUR) of the Federation of Industries of the State of São Paulo (FIESP), and is also a member of the Brazilian Arbitration Committee (CBAr). She is currently Vice-President of the Chamber of Conciliation, Mediation and Arbitration of CIESP/FIESP, in addition to acting as a lawyer in private practice and integrating the list of arbitrators of the Market Arbitration Chamber (CAM/B3). At IRB-Brasil RE, she acts as coordinator of the Ethics, Sustainability and Governance Committee.

Ivan Gonçalves Passos
Independent Member

Mr. Passos is an executive with extensive experience in the insurance sector. He has been an Executive Officer of MDS Corretora de Seguros and Herco Consultoria, a Representative Officer in Brazil of Hannover Rückversicherung AG, as well as Vice President of Industrial Risks and Technical Vice President of Sul América Seguros. He has also been a member of the Technical Council of IRB Brasil RE.

Henrique F. Luz
Independent Member

Mr. Luz has had a career of over 40 years as an independent auditor, partner and member of the executive leadership committee, in Brazil and South America, for 24 years, in a Big 4 firm. He holds a degree from the Rio de Janeiro’s Political and Economic Sciences School, he has attended several postgraduate courses and executive programs at Harvard, Darden, Singularity University, Duke, Universidad de Buenos Aires, University of Ontario, and others. He has an extensive experience as an independent member on Boards of Directors, among them, presently, Grupo Maringá, Burger King Brasil, Oi S.A. and Cellera Farma, where he holds the position of Chairman of the Board of Directors. He is a member of the Board of Directors of the IBGC where he served, from 2019 to 2021, as Chairman. He is Vice President of the Board of Directors of the Museum of Modern Art of São Paulo and member of the boards of MAM Rio and the Dorina Nowill Foundation for the Blind. He is a permanent member of Chair 59 of the Brazilian Academy of Accounting Sciences. Speaker and columnist for the magazines Capital Aberto and Plurale.

Hugo Daniel Castillo Irigoyen
Independent Member

Mr. Irigoyen has had a long and successful career in the reinsurance business having worked in technical areas involving claims (at insurance companies) and underwriting (at reinsurance companies) and has held national and regional leadership positions in various parts of the world at global companies (Munich Re and General Re), which are considered good schools for reinsurance. He is familiar with the latest industry trends in the regulatory, business and innovation areas. He held a number of significant positions at General Reinsurance AG, from 2003 until March 2020, including: Regional head of P&C for Latin America, Spain and Portugal, from 2017 to 2020; Member of the Global Executive Board and Executive Vice President for P&C Treaty in Continental Europe, the Middle East, South Africa and Latin America, from 2007 to 2017; CEO of Gen Re – Mexico, from 2003 to 2020; Senior Vice President – Regional Head for Continental Europe, Africa and Latin America – Gen Re, from 2003 to 2007; General President of Cologne Re Corrduria de Seguros – Spain and Managing Officer and Member of the Executive Board at General Re Sur – Argentina. He has also worked at Munich Re Canada, Bradesco and Sulamerica Seguros. He holds a bachelor’s degree in Civil Engineering from PUC Rio Grande do Sul and an MBA from Queens University; Ontario, Canada (1984).

Marcos Pessoa de Queiroz Falcão
Independent Member

Mr. Falcão has extensive experience in the insurance and capital markets sectors, and he is a founding partner of Gama Investimentos. Prior to that, he was a partner and CEO of BRZ Investimentos, and held several leadership positions, including CEO of Icatu Hartford. He has been a member of the Board of Directors in several companies, including Icatu Seguros, Fiskar, Farol, Brasilcap, Caixa Capitalização, Grupo Docas, Caemi, Enersul, and Escelsa. He was a member of the Investment Committee of IRB Brasil RE from July 2008 to July 2010.

Fiscal Council

The Fiscal Council will operate permanently and will have at least three (3) and at most five (5) sitting members and respective alternates, annually elected at the Shareholder’s Meeting. They can be reelected and must be chosen among qualified individuals with flawless reputation that meet the requirements of Law 6.404/76. The Fiscal Council of IRB Brasil RE is the body which monitors the acts of the administration in defense of the interests of the company and its shareholders.

Click here to read the Fiscal Council’s Internal Rules. *

Name
Office
Leonardo de Paiva Rocha
Independent Member

Mr. Rocha serves as Senior Advisor at BCG (Boston Consulting Group) and also as Senior Advisor at Cypress Associates. He was an executive of relevant companies such as Nextel Telecomunicações (VP ​​of Finance, Legal and Regulatory), Camargo Corrêa Group (CCDI-Director of Finance and IR), Globex Utilidades S/A (Ponto Frio – CFO and IR), he acts as independent board member of Eletronuclear and Eletronorte, alternate independent board member of Smiles Fidelidade S.A.. He is graduated in Mechanical Engineering, post graduated in Finance, participated in the IBGC Board of Directors training program and related activities in international institutions.

Clodomir Felix Fialho Cachem Junior
Alternate Independent Member

Mr. Junior is graduated in Accounting Sciences at UFRJ, with a Postgraduate Degree in Capital Markets at the Brazilian Futures Exchange and a course in Business Managerial Economics at IMD Business School. He has more than 35 years of experience in Consulting and Auditing of Financial Institutions and other segments. Creator and founder of Nova Urca, specialized in Enterprises, Investments, Social Projects and Mentoring, since September/2018. He was a leading partner at Deloitte Brasil to serve companies in the financial sector in Brazil (September/2002 – August/2018). For Arthur Andersen, he worked with the Audit of Financial Institutions, including the largest Investment Bank in Latin America, from 1991 to 1999. He was promoted to the position of Partner in the year 2000 (September/1988 – September/2002); Senior Manager at Chase Manhattan Bank (September/1986 – September/1988) and Senior Auditor at PwC (September/1984 – September/1986).

Paulo Fontoura Valle
Independent Member

He is currently Secretary of the National Treasury. He was Undersecretary of the Complementary Pension Fund of the Social Security Secretariat of the Ministry of Economy from January/2019 to October/2021; Chief Executive Officer of BRASILPREV from December/2015 to March/2018; Undersecretary of the National Treasury for Public Debt from April/2006 to November/2015. He was General Coordinator of Public Debt Operations; Head of Public Debt Operations Division; consultant in the joint mission between the IMF and the World Bank in Nicaragua. He has served as Board and Fiscal Council member in several companies, such as: Brasilprev, CEF, BB Financeira, BNDESPAR, Petroquímica Triunfo, Gaspetro, BNDES, BR Distribuidora, and Vale. He holds a specialization in Economics from George Washington University (1998) and an MBA in Finance from IBMEC Brasília (1996).

Janete Duarte Mol
Alternate Independent Member

Deputy Secretary of the National Treasury. She was Deputy Head of Public Finance and Project Manager of the Deputy Head of Public Finance of the Civil House of the Presidency from 2016 to 2021; Director of Macroeconomic Affairs Department of the Economic Advisory of the Planning Ministry; and Specialist at the National Treasury Secretariat at the World Bank in Washington D.C (USA). She serves as a Fiscal Council member of Cia. de Geração Térmica de Energia Elétrica since 2013; served as a Fiscal Council member of Cia Docas do Rio Grande do Norte (2010 to 2013) and is the representative of Casa Civil on the Board of Trustees of the Severance Indemnity Fund since 2020. Graduated in Economics from UFMG (1998) and in Mathematics from PUC-Minas (1996), has a Specialization in “The Theory and Operation of a Modern National Economy” from the George Washington University (2010) and a Masters in Economics from the Center for Regional Development and Planning – UFMG (2001).

José Rubens Alonso
Independent Member

Mr. Alonso has had a long career as insurance and reinsurance industry auditor and consultant; he has built up a reputation not only for his professionalism at KPMG but also his active institutional involvement as a member of financial and insurance market commissions, such as the National Monitoring Board (CMN), National Board of Private Insurance (CNSP), Private Insurance Department (SUSEP) and the National Supplementary Health Agency (ANS), and a number of other professional organizations in the audit and accounting areas, such as Ibracon. His career began at KPMG, where he worked from 1998 until 2011, and where he was a Partner for 20 years. He has experience working on the Boards of Directors and Committees of insurance companies, notably: Liberty Seguros – Audit Committee Member and Indiana Seguros – Member of the Audit Committee, both since 2019; Seguradora Líder do Consórcio do Seguro DPVAT – Member of the Audit Committee, since 2017.He has also been and Audit Committee member at various other companies including the Sompo Group, Tokio Marine Seguradora, Grupo Icatu de Seguros, Munich RE Resseguradora, and others. José received a degree in Accounting from the Getulio Vargas Foundation in São Paulo (1977).

Daniel Carlos Dominguez Massola
Alternate Independent Member

Mr. Massola has had a long career as an auditor, focusing mainly on financial services and, more specifically, in insurance, where he has held various positions at a number of large companies with a good reputation in terms of auditing and controls, either as an external auditor (KPMG) or as an executive in leadership positions in external audit areas (ABN Amro Real, Itaú, Tribanco and currently FGC). He has an in-depth understanding of the insurance industry, having worked at KPMG’s Financial Services (FSI) group for 12 years, where he specialized in insurance industry auditing and consultancy, later moving to the insurance, pension and capitalization companies internal audit area at ABN Real, where he spent seven years, in addition to another year at Itaú, where he was responsible for internal audits in a number of businesses, some in the insurance industry. Daniel is an experienced member of Board of Director/Committee having been Chairman of the Internal Audit Committee at Liberty Seguros, from 2014 to 2020, Chairman of the Internal Audit Committee at the Insurers Association, from 2003 to 2007, and Member of the Internal Audit Committee at the Interbank Payments Chamber (CIP), in 2019. He is currently Internal Audit Director at the Fundo Garantidor de Crédito. Daniel has a degree in business management from FMU in São Paulo, and MBA in Actuarial and Financial Risk Management from USP.

Executive Board

According to the Company’s Bylaws, the Executive Board has at least four (4) and at most seven (7) members, all elected by the Board of Directors. The members of the Executive Board will have a unified term of office of 2 (two) years and can be reelected.

Click here to read the Executive Board’s Internal Rules. *

Name
Office
Raphael Afonso Godinho de Carvalho
Chief Executive Officer and Interim Chief Underwriting Officer

The executive has a degree in Mathematics and Computer Science from Universidade Federal do Rio de Janeiro (UFRJ), an MBA in Finance from the Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio) and specializations at the Kellog School of Management and Harvard, both in the US.

He has a large experience in the financial and insurance markets, with a career  of over 30 years in large institutions.  For the past six and a half years, Carvalho held the position of Chief Executive Officer of Metlife insurer for Brazil and Colombia. Prior to that, he was Visa’s Country Manager for Latin America and the Caribbean and lead partner at Accenture’s Insurance Practice consultancy. He also worked at Unibanco (where he was responsible for Fininvest, Unibanco Capitalização and Unicard), BTG, Nationwide Financial and Russell Reynolds.

Willy Otto Jordan Neto
Chief Financial & IR Officer

The executive has a degree in Economics from PUC-Rio and a Master’s in Economics from EPGE/FGV. With more than 20 years of experience in managing financial and non-financial companies, his most recent positions were as Financial Vice President of Banco Luso Brasileiro, Executive Director of Finance, Corporate and Investor Relations at Cetip and Director of Planning, Strategy and Investor Relations at Banco Pan. Before that, he worked at Suzano, SAB Trading and Banco Itaú.

Wilson Toneto
Chief Operations & Actuarial Officer

Mr. Toneto holds an undergraduate degree in Accounting and Economic Sciences from Fundação Santo André (SP), an MBA degree in Business Management from the University of Navarra (Barcelona), and training as Board Member from IBGC (2019). He was Chairman of the Board of Directors of insurer Líder DPVAT from 2019 to March 2020; and CEO and Chairman of Mapfre Brasil from 2011 to 2018. From 2005 to 2011, he served as Vice-President of several divisions at Mapfre Seguros, such as HR, Legal, and Technology & Processes. From 2011 to 2018, he served as Director and Vice President of CNSEG, Director of the Spanish Official Chamber of Commerce in Brazil, and Chairman of the Board of Directors of Grupo Segurador BB Mapfre.

Carlos André Guerra Barreiros
General Counsel & Risk, Compliance Officer

Mr. Guerra is graduated in Law and Business Management, with postgraduate studies in Capital Markets. He has worked in various activities in the insurance sector, private pension and capitalization market in Brazil and in Latin American countries. He was Senior Vice President of Prudential do Brasil, responsible for the integral management of the Group Life operation between 2016 and 2020. He was at the head of the Institutional Relations Department of Seguradora Líder DPVAT between 2015 and 2016 and previously served as an executive at Itaú Unibanco for about 16 years, where he had the opportunity to perform activities in the legal, internal controls and distribution of insurance and private pension operations. He was also Director of Itaú Unibanco’s life insurance and private pension companies in Chile and Uruguay. At the institutional level, he served as Director in important associative and union bodies in the sector, such as CNSEG and SINDSEG-SP and was a member of CRSNSP – Council of Resources of the National System of Private Insurance, Open Pension and Capitalization.

(*) information available in Portuguese only