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Judy Gonsalves Promoted to Chief Underwriting Officer, ACE Bermuda
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Appointments Demonstrate ACE’s Continued Focus on, and Commitment
to, Global Customers
HAMILTON, Bermuda & PHILADELPHIA--(BUSINESS WIRE)--
ACE
Group today announced several key executive appointments in its ACE
Bermuda business:
Rees Fletcher has been named Chairman of ACE Bermuda. Mr. Fletcher
joined ACE Bermuda 26 years ago, rising to the position of Senior Vice
President, Excess Liability in January 2000. He was promoted to Division
President of ACE Bermuda in 2004, and has shaped the business into one
of the most reputable large capacity insurers in the world. As Chairman
of ACE Bermuda, Mr. Fletcher will provide business development guidance
and risk management oversight, and will ensure the continuity of
strategic relationships in the Bermuda market.
Joseph Clabby has been named Division President of ACE Bermuda. In this
role, Mr. Clabby will direct the company’s underwriting, distribution
and marketing of high-level excess liability, professional liability,
political risk, and property insurance coverage through non-U.S.-based
brokers. Mr. Clabby will succeed Rees Fletcher. His appointment and
relocation to Bermuda are subject to approval of the Bermuda Department
of Immigration.
Mr. Clabby will continue to serve as Division President of ACE Global
Accounts, integrating his two roles to develop ACE’s multinational
business. Global Accounts customers will benefit from Mr. Clabby’s
direct role in Bermuda, one of ACE’s key global underwriting centers.
Mr. Clabby will apply his expertise in multinational insurance to expand
ACE Bermuda’s relationships with brokers who serve the global
marketplace for large accounts, deepening ACE’s penetration in this
market.
Mr. Clabby joined ACE in 2001, after advancing through management
positions over the previous 16 years in related industry businesses. He
served as Division President of Regional Operations for ACE USA’s nine
regions from 2005, until he was named Regional President of ACE’s
Continental Europe operations in 2010, where he provided leadership for
ACE’s 19 European offices.
Judy Gonsalves has been promoted to Chief Underwriting Officer of ACE
Bermuda. In this role, she will be responsible for ACE Bermuda’s and ACE
Bermuda International’s books of business. Ms. Gonsalves will continue
to focus on applying ACE’s quality capacity in Excess Liability,
Property, and Professional Risk on behalf of global customers.
Ms. Gonsalves joined ACE Bermuda's Excess Liability department as
Assistant Underwriter in 1992. In 1997 she was appointed Vice President
and Manager of ACE Bermuda's Underwriting Services department. In 2001,
she returned to the Excess Liability department as Senior Casualty
Underwriter and was appointed Senior Vice President in 2004, with Excess
Liability product line management responsibility for ACE Bermuda and ACE
Bermuda International. She was promoted to Executive Vice President in
April 2010.
John Lupica, Chairman, Insurance-North America, stated: “Rees, Joe, and
Judy are proven leaders at ACE, who know how to apply ACE’s underwriting
strengths to benefit our most important clients, especially around their
complex, multinational risk. Brokers in the Bermuda market will
appreciate the presence of these solution-oriented professionals who are
focused on delivering high-quality capacity and expertise to this key
market.”
Mr. Clabby and Mr. Fletcher will report to Mr. Lupica. Ms. Gonsalves
will report to Mr. Clabby.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance, and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index. Additional information can be found at www.acegroup.com,
or follow ACE on Twitter, https://twitter.com/ACEGroupNA.
ACE®, ACE logo®, and ACE insured® are
trademarks of ACE Limited.
Source: ACE Group