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
Interim CEO

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 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.

Ellen Gracie Northfleet
Independent Member

Ms. Northfleet has a Law degree from the Federal University of Rio Grande do Sul – UFRGS, with a graduate 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 has also been a member of the Independent Investigation committees of several companies, including Petrobras, Eletrobrás, and Vale. 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, and is a lawyer in private practice, in addition to being one of the arbitrators at the Market Arbitration Chamber (CAM/B3).

Henrique F. Luz
Independent Member

Mr. Fernandes Luz has had a career of over 40 years as an independent auditor, partner and vice-president at a Big 4 firm. He has extensive experience as an independent member on Boards of Directors, including, presently, Grupo Maringá, Burger King Brasil, and Oi S.A.. He has been Chairman of the Board of Directors of IBGC (Brazilian Institute of Corporate Governance) since 2019 and a permanent sitting member of Chair 59 of the Brazilian Academy of Accounting Sciences.

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, and Vice President of Industrial Risks, and Technical Vice President of Sul América Seguros. He has also been a member of the Technical Board of IRB Brasil RE.

Marcos Bastos Rocha
Independent Member

Mr. Rocha holds an undergraduate degree in Electronic Engineering from Instituto Militar de Engenharia (IME), an MBA degree in Finance from PUC-RJ, and an Executive MBA degree in Management from IBMEC. He is currently Senior Advisor (non-executive) for the Infrastructure and Restructuring areas at Roland Berger Strategy Consultants (since September 2015), senior partner at DealMaker – Boutique Financeira Independente (since July 2015); member of the Board of Directors of BC2 Construtora SA (since April 2016); independent member of the Board of Directors of Oi S.A. (since January 2018); and member of the Board of Directors of Brazil Fast Food Corporation (since September 2009). Previously, he held the positions of Financial Administrative Vice-President of Invepar – Investimentos e Participações em Infraestrutura S.A. (from January 2010 to June 2015), and member of the Board of Directors of the following assets in Invepar’s portfolio: Linha Amarela S.A.; Concessionária Litoral Norte; Concessionária Auto Raposo Tavares; Concessionária Bahia Norte; Concessionária Rota do Atlântico; Via Rio; Via 040; Metrô Rio; Metrobarra; VLT Carioca; and GRU Airport.

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.

Regina Helena Jorge Nunes
Independent Member

Ms. Nunes has a career of 33 years, including 20 years as CEO in companies in Brazil and abroad. Currently, she is a founding partner of RNA Capital, having previously held prominent positions in S&P Global Ratings, including CEO for Brazil and Argentina, and also at Banco Cidade and Chase Manhattan. She has also been a member of several Boards of Directors of companies such as Neoenergia, CEG/Naturgy, BRC Bogotá Colombia, and the American Chamber of Commerce of Brazil.

Roberto Dagnoni
Independent Member

Mr. Dagnoni has extensive professional experience, including as member of the Board of Directors of Sinqia Tecnologia S.A., since February 2019, and Alper Consultoria em Seguros SA, since March 2018, and advisory member of the Board of Directors of Autopass, since March 2018. He served as Executive Vice President of CETIP SA + B3 S.A. from 2011 to 2017, and was a partner at Sascar Tecnologia e Segurança Automotiva S.A., from 2010 to 2014. He holds a bachelor’s degree in Accounting Sciences from the FEA Business School of Curitiba, and has attended programs at the Harvard Business School (Making Corporate Boards More Effective – 2018), Insead (Strategy in the Age of Digital Disruption – 2017), and IBGC (Member of Board of Directors Program – 2014).

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 insurers) and underwriting (at reinsurers) 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 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; President of Gen Re – Mexico, 2003 to 2020; Senior Vice President – Regional Head for Continental Europe, Africa and Latin America – Gen Re, 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. Hugo 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).

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
Reginaldo José Camilo
President

Mr. Camilo has extensive professional experience, and is currently Superintendent of Itaú Unibanco, company he joined in 1979. He has also worked in controllership and accounting in several financial companies. He is President of Fundação Itaú Unibanco, where he performs activities related to liability management, actuarial management, accounting, monitoring, governance, and asset controls. He is an executive officer at Fundação de Saúde Itaú and Fundação Itaú Social, and a member of the Fiscal Council of CENPEC. He is Vice President of the ABRAPP Deliberative Council in the current management, having also served in this position from 2011 to 2013, from 2008 to 2010 and from 1996 to 1998. He was a sitting member at the National Complementary Pension Council (CNPC) from 2010 to 2014, Vice President Director of ABRAPP from 2002 to 2004 and from 2005 to 2007, and Director of ABRAPP from 1990 to 1992 and from 1993 to 1995. He is an accountant, having attended several programs in international seminars and congresses, and he specializes in private pension.

Rodrigo Andrade de Morais
Independent Member

Mr. Morais is currently Sector Officer for the FEBRABAN Accounting Affairs Committee and Finance Superintendent at Itaú Unibanco. He is a member of the CPC – Accounting Pronouncements Committee and the Fiscal Council for FEBRABAN and the Itaú Unibanco Foundations. He has previously been a member of the SAG – Senior Accounting Group at the Institute of International Finance (IIF) and is currently a GLASS representative at meetings of the SAF – Accounting Standards Advisory Forum (ASAF) where he has an opportunity to take part in discussions on international standards issued by the IASB – International Accounting Standards Board. Nominated by the IIRC management team, he worked on the Framework Panel. Rodrigo holds a bachelor’s degree in Accounting from Mackenzie University and an MBA in Risk and Financial Management from USP – the University of São Paulo. He is also certified in IFRS by the Institute of Chartered Accounts in England and Wales. He has been an alternate member of the IRB Brasil RE Fiscal Council since 2018.

Otavio Ladeira de Medeiros
Independent Member

Mr. Medeiros is currently Secretary at the Brazilian National Treasury. He has held a number of positions at the Secretariat of the National Treasury, including Assistant of Fiscal Planning and Statistics (SUPEF), coordinator at the Department for Strategic Public Debt Planning (COGEP) and coordinator of Public Debt Management (Codip). He has served as head of the Public Debt Planning and Analysis Division (Didip) and chaired the Banco do Brasil Fiscal Council and the IRB Brasil RE Board of Directors. Otavio has served as a director and Fiscal Council member at several companies, including: Liquigás Distribuidora, Embraer, FINAME and BB Administradora de Cartões de Crédito. He holds a bachelor’s degree in Economics from the University of Brasília (1992), an MBA in Finance from IBMEC São Paulo (1998), a specialization in Theory and Operation of a Modern National Economy from the George Washington University (1999) and a professional Master’s degree in Economics from the University of Brasília (2003). He has been an effective member of the IRB Brasil RE Fiscal Council since 2019. For all legal purposes, the executive has declared that he has not been the subject of a criminal conviction or any other conviction or application of sanctions in CVM administrative proceedings and has not received a final court or administrative ruling suspending or disqualifying him from the performance of any professional or commercial activity in the past five years and he is therefore duly qualified to carry out any professional or commercial activity.

Bruno Cirilo Mendonça de Campos
Independent Member

Mr. Campos has been Financial Sector Manager at the Secretariat of the National Treasury of the Ministry of Economy since 2014 and previously worked as Project Manager and Control and Finance Analyst at the Secretariat of the National Treasury between 2009 and 2014. He has a bachelor’s degree in Economics from the University of Brasília.

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 Dominguez Massola
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.

Paulo Euclides Bonzanini
Independent Member

Mr. Bonzanini has spent around 40 years working on the financial markets, where he has gained significant experience, with 13 years spent in statutory (C-level) positions at a number of banks, including 5 years at Banco do Brasil, 2 years at Banco Fibra and 6 years at Banco Votorantim. He has also spent over 20 years in Management and Upper Management positions. He has experience on the insurance market includes three years holding C-level positions at insurers Aliança do Brasil and Grupo Segurador BB-Mapfre. He has solid experience in Corporate Governance, Risk Management, Controls and Compliance, banking product, customer and distribution management and Independent Internal Audits, reporting to the Board of Directors. He has also been a company director and Fiscal Council Member. Paolo has a bachelor’s degree in Business Management and Accounting, as well as an MBA in Business Management from FIA USP, with a Specialization in Higher Education Methodology, from FIPECAPI SP. He holds IBGC certification as a Board of Director member and Fiscal Council member.

Luiz Gustavo Braz Lage
Independent Member

Mr. Lage began his career at Banco do Brasil in 1981, where he worked in various areas and functions, until he rose to the position of Credit Officer (2004/2009). He subsequently became an officer for the Banco do Brasil insurance companies, including Chief Officer for Risks, Internal Controls and Legal at Grupo Segurador Banco do Brasil and Mapfre. Throughout his career, he has held seats on boards, committees, commissions and forums for various companies/organizations, and entities such as SINDSEG SP – Sindicato das Empresas de Seguros, Resseguros e Capitalização, the Grupo Neoenergia and AMCHAM – Câmara Americana de Comércio (SP). Luiz has a bachelor’s degree in Business Management and Accounting from PUC/MG and holds a Postgraduate Degree in Finance from IBMEC and International Business from USP/FIPECAFI. He holds IBGC certification as a Board of Director member and Fiscal Council member.

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
Antonio Cássio dos Santos
Interim President

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 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.

Werner Romera Süffert
Chief Financial & IR Officer

Mr. Süffert has been Corporate Management and Investor Relations Officer at BB Seguridade Participações S.A., Executive Manager of the Cards Division of Banco do Brasil, and manager of the Banco do Brasil Branch in Paris-France. Throughout his career, he has held positions in several areas of BB, such as UBV – Other Businesses Integration and Governance, Marketing Director, Financial Partnerships Project and Operational Support Unit. He holds an undergraduate and a master’s degree in Business Administration.

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.

Isabel Blazquez Solano
Chief Underwriter Officer

Economist, graduated from Universidad Pontificia Comillas in Madrid, Spain and with a Masters in Business Management from IE Business School in Madrid, Spain. She was Subscription Director for International P&C, Oil & Gas and Retrocession at IRB from 2013 to 2019 and worked at Mapfre RE, in Spain and Germany, from 2008 to 2013.

Carlos André Guerra Barreiros
General Counsel & Risk, Compliance Officer

Graduated in Law and Business Administration, 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.