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. *
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.
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.
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.
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.
Mr. Luz has had a career of over 40 years as an independent auditor. For 24 years, he has been partner and member of the executive leadership committee 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 is the Chairman of the Board of Directors of IBGC (Brazilian Institute of Corporate Governance), Vice Chairman of the Board of Directors of São Paulo Modern Art Museum and Dorina Nowill Foundation for blind. He is a permanent sitting member of Chair 59 of the Brazilian Academy of Accounting Sciences.
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).
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.
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.
Mrs. Nunes has a career of 34 years, including 20 as CEO in Brazil and abroad. Currently, she is a founding partner and CEO of RNA Capital, Director of Iberdrola S.A. Spain, member of the Audit Committee of Iberdrola S.A., member of the Risk and Capital Committee of Banco do Brasil (CORIS) and member of the Compensation Committee of Neonergia. Previously, she held prominent positions at S&P Global Ratings, including CEO in Brazil and Argentina, and also at Banco Cidade, Chase Manhattan Bank and Commercial Bank of New York. Mrs. Nunes was also a Board of Directors’ member of the Neoenergia, CEG/Naturgy, BRC Bogotá Colombia Board, American Chamber of Commerce of Brazil – São Paulo, a member of the Mercado Eletrônico’s Advisory Board, a member of the Financial Committee of Neoenergia and member of the Audit Committee of CEG/Naturgy. At IRB Brasil RE, Mrs. Nunes is a member of the Risks & Solvency Committee and was a member of the Investments, Capital Structure and Dividend Committee.
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).
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. *
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.
Mr. Morais has extensive professional experience, occupying, since 2014, the position of Finance Superintendent at Itaú Unibanco, where he joined in 2000, being responsible for the Accounting and Actuarial areas (from 2017 to the present date), acting as Accountant for Insurance, Pension Plans Companies and Capitalization and Actuarial Provisions Manager, and by Accounting Policies (from 2004 to the present date). He also served as Finance Manager, from 2007 to 2014, and as Project Coordinator, from 2006 to 2007. He served as a member of several Fiscal Councils, among which, FEBRABAN, Fundação Itaú and FUNBEP. He holds a degree in Accounting from Universidade Mackenzie, with an MBA in Financial and Risk Management from Universidade de São Paulo – USP/FIPECAPI.
Mr. Medeiros currently holds the position of Deputy Secretary of the National Treasury. He also served as Secretary of the National Treasury, Undersecretary of Planning and Tax Statistics, General Coordinator of Strategic Planning of Public Debt, General Coordinator of Public Debt Management, Head of Analysis and Planning of Public Debt, Deputy Head of Analysis and Public Debt Planning. He was Chairman of the Board of Directors of IRB Brasil RE from 2018 to 2019; Member of the Fiscal Council of EMBRAER S.A. from 2016 to 2018; Member of the Board of Directors of the Special Industrial Financing agency – FINAME from 2016 to 2017; Member of the Board of Directors of BB Gestão de Recursos Distribuidora de Titulos e Valores Mobiliários – DTVM S.A., from 2014 to 2016; Member of the Fiscal Council of Liquigás Distribuidora S.A., from 2015 to 2016; Chairman of the Fiscal Council of BB Administradora de Cartão de Crédito S.A., from 2012 to 2014; Chairman of the Fiscal Council of Banco do Brasil, from 2005 to 2009; Member and Chairman of the Fiscal Council of Banco do Brasil Investimentos, from 2001 to 2005 and from 2009 to 2012. Mr. Medeiros has a degree in Economics from the University of Brasilia (“UnB”), 1992, with a master’s degree in Economics from the University of Brasilia (“UnB”), in 2003.
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.
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).
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.
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.
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.
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. *
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.
Mr. Süffert holds a degree in Business Management; specialization in International Business and Master degree in Business Management. He was CFO, IRO, Director of Corporate and Corporate Governance, Strategy, Financial Administrative Head and Controllership of BB Seguridade Participações S.A .; He chaired the Investment Committee of Brasilprev, Brasilcap, having also served as Executive Manager of Banco do Brasil’s Cards Directorate and General Manager of Banco do Brasil in Paris-France. Throughout his career, he held executive positions in several areas of Banco do Brasil, such as the Integration Unit with Banco Votorantim, the Marketing Department and the New Retail Business Department.
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.
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