21 April 2015News

ACE reshuffles Bermuda leadership

ACE has reshuffled its Bermuda leadership following the appointment of Rees Fletcher as chairman of ACE Bermuda.

Fletcher joined ACE Bermuda 26 years ago, and was appointed senior vice president, excess liability in January 2000. He was promoted to division president of ACE Bermuda in 2004.

Joseph Clabby succeeds Fletcher as division president of ACE Bermuda. In this role, 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-US-based brokers.

Clabby will continue to serve as division president of ACE global accounts, integrating his two roles to develop ACE’s multinational business.

He joined ACE in 2001 and served as division president of regional operations for ACE US’ 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.

In addition, Judy Gonsalves has been promoted to chief underwriting officer (CUO) of ACE Bermuda. In this role, she will be responsible for ACE Bermuda’s and ACE Bermuda International’s books of business.

Gonsalves joined ACE Bermuda’s excess liability department as assistant underwriter in 1992. In 2001, she was appointed as senior casualty underwriter in the excess liability department 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 of insurance North America, said: “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.”