ACE Bermuda has appointed Judy Gonsalves as the new executive vice president. She will continue to head up excess liability department with responsibility for management and development of the company’s and its International book of business. She will report to Rees Fletcher, president and CEO of ACE Bermuda.
Ms Gonsalves joined the company’s excess liability department in 1992 and was appointed as vice president of underwriting services department in 1997. In 2001, she returned to excess liability department as senior casualty underwriter and was appointed senior vice president in 2004.
The company has also appointed Allison Towlson as the new regional executive and chief operations officer reporting to Mr Fletcher. In this role, she will be responsible for underwriting operations and enhancing efficiency of operations of the company. She will maintain her previous role as regional executive with responsibility for client relationships, business development, and management of underwriting services function.
Ms Towlson joined the company’s excess liability department in 1998 and was appointed as the company’s regional executive in 2004 with responsibility for business development and underwriting support services. Prior to this, she spent seven years with Sedgwick Global Broking where she handled casualty and D&O accounts for Fortune 1000 clients.
Mr Fletcher said: “Judy has been instrumental in driving the success of our excess liability business and in implementing best practice standards for ACE in the industry. Allison’s underwriting and management experience combined with her in-depth understanding of ACE’s capabilities and knowledge of the Bermuda insurance industry, make her perfectly suited to take on this expanded role.”