The Board of Directors of Grupo Catalana Occidente, at the proposal of the Appointments and Remuneration Committee, has approved at its meeting, 28 October 2021, the appointment of Hugo Serra as the Group’s Chief Executive Officer to replace Ignacio Álvarez, who will leave the post for personal reasons after ten years as the company’s chief executive.

Hugo Serra holds a BSBA (Bachelor of Science in Business Administration) from the University of Wales, a degree in Business Administration from the Universitat Politecnica de Catalunya (UPC) and an MBA from IESE. After holding various responsible positions in multinationals in the financial sector, he joined Grupo Catalana Occidente as a member of the Board of Directors in 2006. In 2008 he began a journey through different areas of the Group until 2009, when he began to provide support to the Chairmanship. In 2013, he was appointed deputy general manager to the Chairmanship. In this position, Hugo Serra has managed the Operations department; Investment department; and Innovation, Marketing and Business Development Department (IMD). He is also currently vice-chairman of the Group’s board of directors, as well as a director of various companies.

The appointment of Hugo Serra, which will take effect on 1 January 2022, marks the beginning of an orderly handover process following the resignation of the current CEO, Ignacio Álvarez.

About: Grupo Catalana Occidente is one of the leaders in the Spanish insurance sector and the global credit insurance sector. In its more than 150 years of history, it has experienced constant growth, thanks to its ability to adapt to changes and remain true to its genuine essence of insurance.  Grupo Catalana Occidente is committed to the professional development of its employees and brokers, service close to its customers and the trust it receives from its shareholders.

Atradius Credit Insurance is part of Grupo Catalana Occidente

Source:  Atradius Press Release