ACE appoints four new executives

The ACE Group has announced four new executive appointments in its financial and professional lines insurance businesses globally.

Timothy O’Donnell has been appointed executive vice-president, financial lines, for the company’s international insurance operations, effective 1 June, 2012.

In his new role, O’Donnell will be responsible for ACE’s directors and officers liability, financial institutions, errors and omissions, and surety businesses in 50 countries throughout the Asia Pacific, Latin America, and Europe, Middle East and Africa (EMEA) regions.

He will be based in London and will report to David Furby, division president, commercial property and casualty, ACE Overseas General. O’Donnell succeeds David Robinson, who was recently named division president, UK and Ireland.

Scott Meyer has been named division president, professional risk, ACE USA. Meyer will oversee ACE USA’s management and professional liability lines of business, which include public, private, not-for-profit, and financial institutions directors and officers coverages and its errors and omissions and privacy and network security product suite. Based in New York, he will report to ACE USA chief operating officer Christopher Maleno.

Stephen Haney has been appointed division president, surety, ACE USA, and chief underwriting officer, global surety. In this newly-created role, Haney will be responsible for the company’s commercial and contract surety operations in the US and for overseeing the underwriting of ACE’s surety offerings globally. Based in Philadelphia, he will report to Maleno for US operations and to O’Donnell for international operations.

Nicholas Small has been appointed chief underwriting officer, international financial lines. He will be responsible for developing new products, setting underwriting guidelines and authorities, assisting with underwriting strategy and coordinating portfolio management for ACE’s international financial lines business. He will be based in London and will report to O’Donnell.

“ACE’s financial and professional lines businesses globally represent a major franchise and source of strength for our company. We are pleased to have such talented insurance leaders assume these key roles,” said ACE Ltd’s vice-chairman and chief operating officer John Keogh.

“Their depth of expertise and records of accomplishment in their respective business lines and markets will serve our clients and business partners well as we seek to further grow these businesses around the world. In particular, Tim’s leadership in developing ACE’s professional lines practice in North America will enable us to facilitate better coordinated solutions for customers and brokers across our global operations.”