ACE Appoints Rees Fletcher Chairman of ACE Bermuda; Joseph Clabby Named Division President
April 20 2015 - 11:00AM
Business Wire
- Judy Gonsalves Promoted to Chief
Underwriting Officer, ACE Bermuda
- Appointments Demonstrate ACE’s
Continued Focus on, and Commitment to, Global Customers
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.
ACE GroupCarla Ferrara,
215-640-4744carla.ferrara@acegroup.com
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