ACE Group 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.
"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.
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.