ACE Appoints Tim Stapleton Vice President and Cyber Insurance Product Manager for ACE Overseas General
July 22 2015 - 4:00PM
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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version on businesswire.com: http://www.businesswire.com/news/home/20150722006352/en/
ACE GroupMedia:Jeffrey Zack,
212-827-4444jeffrey.zack@acegroup.comorDarragh Gray, +44 (0)20 7173
7578darragh.gray@acegroup.com
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