San Antonio-based USAA (United Services Automobile Association) has announced the appointment of Juan C. Andrade as its new President and CEO. Andrade will succeed former CEO Wayne Peacock, who stepped down in late December 2024. Andrade, who previously served as the President and CEO of Everest Insurance, brings over two decades of experience in the insurance industry to his new role at USAA, which specializes in serving military members and their families. In his statement, Andrade expressed his excitement about leading USAA, stating, ‘I am honored and humbled to take on this role at such a prestigious organization dedicated to serving those who serve our country.’ Andrade, known for his transformational leadership style, will be assuming leadership of the company amid a strategic push towards expanding the availability of reinsurance for its member base, as detailed in recent discussions regarding USAA’s initiatives for 2025. As incoming CEO, Andrade emphasized that reinsurance is expected to be crucial for companies operating on the ground in California. ‘We are taking significant steps to ensure we provide our customers with the best coverage and security they deserve,’ he remarked. USAA, recognized for its commitment to providing insurance, banking, and investment services specifically to service members and their families, aims to enhance its offerings under Andrade’s guidance.
