The ACE Group of insurance and reinsurance has named David Furby as division president, commercial property and casualty, for its overseas general operations. Mr Furby will be based in New York and report to John Keogh, chairman and CEO of ACE Overseas General.
Mr Furby will be responsible for the company’s commercial property and casualty insurance business outside of North America, including property, casualty, financial lines, energy and marine product lines, as well as for the reinsurance ACE purchases for its international insurance operations.
Prior to being named to his most recent role in 2005, Mr Furby served as president and CEO of ACE Tempest Re Group in Bermuda, where he was responsible for the company’s worldwide reinsurance business, while also managing ACE’s own reinsurance coverage as corporate reinsurance officer.
In addition, Joseph Clabby, president of regional operations for ACE USA, will succeed Mr Furby as president of ACE continental Europe, subject to regulatory approval.
Based in Paris and reporting to Andrew Kendrick, chairman and CEO of ACE European Group, Mr Clabby will be responsible for the further profitable growth and development of ACE’s insurance business in 18 countries across Europe.
Mr Keogh said: “David has helped build our business on the Continent into one of the largest territories for ACE in the world, with expansion into a number of new markets, including Russia, the countries of Central and Eastern Europe and Turkey.
In his new role, David will work with the leaders of our global P&C product lines and regional leaders to further develop ACE’s P&C franchise outside North America.
Mr Kendrick said: ”Joe has achieved great success in developing ACE USA’s field operations in a highly competitive and challenging market environment in recent years.
This experience, combined with his background developing risk solutions for clients from both the insurer and broker perspectives, will serve him well as we continue to capitalize on the growth potential in many markets and build the ACE franchise throughout the region.”