STXNEWS LATAM-Brazilian insurer SulAmerica appoints new CEO

Thu Apr 4, 2013 6:10pm EDT

The board of directors of Brazilian insurer SulAmerica Seguros e Previdencia SA elected Gabriel Portella Fagundesit to be chief executive, according to a securities filing on Thursday.

Portella, a former vice president of health and dental at SulAmerica, replaces Thomaz Luiz Cabral de Menezes who has decided to pursue personal projects, the filing said.