NEW YORK--(BUSINESS WIRE)--
ACE Group today announced that Tim Stapleton has joined the company as
Vice President and Cyber Insurance Product Manager for ACE Overseas
General, the company’s general insurance business outside of North
America.
In this newly created position, Mr. Stapleton will focus on advancing
and accelerating the development and execution of ACE’s cyber
initiatives, a role that encompasses underwriting, strategy, product
development, vendor management and providing leadership to ACE’s
regional teams. Mr. Stapleton, who will be based in London, reports to
Timothy O’Donnell, Executive Vice President, Financial Lines, ACE
Overseas General, and Toby Merrill, Senior Vice President, Global Cyber
Practice Leader. Mr. Stapleton will also join ACE’s Global Cyber Product
Board
“Tim is a recognized subject-matter expert and leader in network
security, privacy and cyber risk. He is a strong addition to our
growing, industry-leading cyber risk team,” said Mr. O’Donnell. “The
cyber risks challenging businesses continue to become more complex and
global in scale. We’ve become a global leader in this business by
identifying and understanding emerging and evolving cyber risks,
navigating different regulatory environments in markets across four
continents, and meeting the unique and complex needs of both local and
multinational clients. Tim’s appointment further represents ACE’s
significant commitment to develop and execute best-in-class cyber
insurance products and solutions.”
“Cyber risk exposures have no boundaries, and ACE is one of the few
insurers capable of delivering truly global services to brokers and
clients,” said Mr. Merrill. “We look forward to Tim’s leadership in
helping to coordinate ACE’s global cyber strategy, which brings together
the expertise, underwriting capabilities and services of our existing
cyber risk-related business units around the world.”
Mr. Stapleton brings to ACE 12 years of underwriting and management
experience in professional liability and cyber risk. He joins ACE from
Zurich General Insurance, where he served most recently as Global
Underwriting Manager for Professional and Management Liability,
responsible for the development, implementation and maintenance of
global technical underwriting standards, product strategies and
guidelines for the company’s professional and management liability and
cyber sublines. Prior to that, Mr. Stapleton served as Zurich’s Deputy
Global Head of Professional Liability, where he developed and
implemented technical underwriting standards for the company’s global
professional liability portfolio. He began his career at American
International Group as a senior underwriter for professional liability.
Mr. Stapleton holds a Bachelor of Music degree from the University of
Miami, Coral Gables. He is a member of the International Association of
Privacy Professionals (IAPP) and holds the Certified Information Privacy
Professional/US designation. Mr. Stapleton is also a member of the
Professional Liability Underwriting Society.
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.
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Source: ACE Group