President, Life Insurance Division

Position Spec:

Our client is seeking a new President for their life insurance company. The current President has announced his retirement (Dec. 2025).

Triple-S Vida, Inc. is a life insurance company owned by Triple-S Management Corporation. Established in 1984 as Seguros de Vida Triple-S, it became Triple-S Vida in 2006 following the merger with Great American Life Assurance Company of Puerto Rico (GA Life). Triple-S Vida offers a range of products, including life, accident, and health insurance, as well as annuities.

Triple-S Vida is a wholly owned subsidiary of Triple-S Management Corporation, which, since 2022, operates as a subsidiary of GuideWell, the parent company of Florida Blue.

HQ: San Juan, Puerto Rico (a US Territory)

Division Revenues: ~ $300M

Total Staff: ~ 1,200

Focus:

1) Growth - expand operations into Florida

2) Leadership team development

Languages: English (required); Spanish (preferred, but not required)

MORE INFORMATION:

Summary:

Responsible for developing and leading a multi-year strategy to create a ‘Best-of-Class’ Life business and it’s operations that can support a major expansion of the Triple-S brand throughout Puerto Rico and USA. This leader will have full Profit & Loss responsibility for the Life business, including direct oversight for Sales, Product Development and Operations. This leader must have a keen passion for improving a Life business while simultaneously building a financially successful, market-leading organization. As a key member of the Executive Leadership team, this business leader will leverage the organization’s full product portfolio and operational capability to create a dynamic and scalable operation that builds on the organization’s high service philosophy.

Responsibilities:

Growth:

· Lead the development and implementation of a strategic vision, ensuring full integration with Triple-S corporate objectives.

· Drive growth in the life insurance market, focusing on new sales, renewals, and competitive positioning.

· Set financial and operating goals, defining performance targets for Puerto Rico Life insurance business in alignment to Triple-S strategic imperatives.

· Personally lead sales and retention efforts for large clients, ensuring high-value relationships and long-term engagement.

Operational Excellence:

· Oversee business functions with a strong management approach, ensuring profitability and operational efficiency.

· Continuously improve processes and procedures for better execution and cost management.

· Provide internal oversight with strong visibility and measurement of business performance.

· Approve resource allocations (capital, human resources) in alignment with company – Triple-S- strategic priorities.

Compliance & Regulatory Oversight

· Ensure strict company compliance with all regulations impacting the life insurance sector.

· Work closely with centralized functions to ensure mitigation of violations and assertive action plans when necessary.

Cross-company collaboration

· Lead transversal coordination across the organization and core Triple-S centralized functions, ensuring synergy and alignment.

· Collaborate with other business lines Presidents and management to implement cross-selling initiatives, leveraging growth opportunities.

Talent Management and Leadership:

· Recruit, select, mentor, and retain highly qualified leaders.

· Provide the leadership necessary to maintain a motivated, productive and competent team through open communication and delegation of responsibilities and authority within a heavily matrixed operating environment.

· Is a team leader and builder and has an eye for talent with the ability to maximize resources and capability to deliver business results.

· Create a working environment where productivity can be sustained and accomplished and where innovation and personal growth is encouraged and realized.

Requirements:

· Bachelor’s degree in business administration or similar field. Master’s degree in business administration is preferred. Strong knowledge and practical experience in Life business, not limited to life insurance.

· Minimum 10 years of related executive experience in similar level of scope.

· Financial mastery: Integrate the key economics of business into strategic decision-making

· Business management: Successfully manage/lead a business; Internal oversight: visibility and measurement of businesses performance

· Leadership, influence and ability to manage change

1. · Work effectively with a diverse range of stakeholders
2. · Frame and structure problems, discern critical issues, and drive to solutions
3. · Work transversally across the organization

• Developing organizational talent
• Build internal capabilities and assemble a supporting management team.

Website:

https://vida.grupotriples.com/en/