LONDON--(BUSINESS WIRE)--ACE Group today announced the appointment of Andrew Williamson as its new Executive Vice President, Global Marine, for ACE Overseas General (AOG), effective 1 July. In his new role, Andrew will have overall responsibility for the performance, development and future growth of ACE’s marine insurance portfolio internationally, including for its wholesale, global accounts and middle market clients.
Andrew has 22 years of cargo and marine insurance experience. He joined ACE in January 2004, as Cargo Underwriter and UK&I Cargo Manager for ACE Global Markets (AGM), the London-headquartered wholesale insurance division of ACE Group. In 2009 he assumed overall responsibility for the AGM marine portfolio. Previously, he spent almost ten years at the broker Marsh, managing a variety of large North American client accounts, and specialising in project cargo insurance for infrastructure projects. Andrew will continue to be based in London and will report to David Furby, Division President, Commercial Property and Casualty, ACE Overseas General.
Andrew succeeds Peter Seymour who, after 14 years at ACE and a career in marine insurance spanning almost 40 years, has decided to step down from the role. Peter will continue serving as Technical Consultant.
ACE Global Markets also announced three further promotions within its marine management team. Jason Roe, Mike Reynolds and David Kirk will share responsibility for the performance and development of AGM’s marine portfolio. Jason will assume the role of Product Head, Fine Art and Specie; Mike will serve as Product Head, Hull and Liability; and David takes up the position of Product Head for Cargo. Effective 1 July, they will report to Matthew Shaw and Andrew Williamson and they will remain based in London.
David Furby, Division President, Commercial Property and Casualty, for ACE Overseas General, said:
“Today, more than ninety percent of global trade is carried by shipping. The landscape for marine insurance is rapidly changing, not least through growing demand from clients for multinational solutions and for cover for ever-bigger exposures in the cargo market.
Andrew’s excellent underwriting track record and marine expertise makes him the ideal choice of leader for our international marine business. This appointment, supported by the depth of our underwriting capability and the strength and breadth of our global network, will enable us to continue to build capability and lead our clients through this complex risk landscape.
“I would also like to thank Peter for his contribution to the strong performance and growth of our marine portfolio, which has been immeasurable. I am therefore very pleased that has agreed to continue serving as Technical Consultant, enabling ACE to continue to benefit from his wide experience.”
Matthew Shaw, Division President, ACE Global Markets, said:
“These newly created roles give further strength and focus to the ACE Global Markets marine team and position us very well to assist brokers and their clients with the new challenges that lie ahead.
“Given their strong underwriting backgrounds and depth of specialist expertise, Jason, Mike and David will make a great team as we continue to strengthen our capabilities and meet changing customer needs.”
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 the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.