Solunion Chile Seguros de Credito SA said Alberto Berges, an executive from Mapfre SA, will become its new CEO starting in 2019.

The appointment comes after Mapfre, which owns a 50% stake in Solunion Chile as part of a credit insurance joint venture with Euler Hermes Group SA, tapped current CEO Fernando Pérez-Serrabona to lead its Brazilian operations.

Berges, who will take over Jan. 1, 2019, was CEO at Mapfre Assistance.

Fernando Pérez-Serrabona has been Solunion Chile's chief executive since 2013.