Peruvian insurance company Pacífico Compañía de Seguros y Reaseguros SA's general manager, Alvaro Correa Malachowski, stepped down from his position.

Correa was appointed general manager in August 2017.

The company, which is a subsidiary of Credicorp Ltd., also named Cesar Rivera Wilson as the new general manager. The resignation and appointment will be effective Jan. 1, 2020.

Rivera is currently deputy CEO at the company, according to data from S&P Global Market Intelligence.