ACE boosts marine team with four appointments

Insurer ACE has strengthened its international marine team with the appointment of four executives.

Andrew Williamson has been appointed as executive vice president of global marine for ACE Overseas General. He will report to David Furby, division president, commercial property and casualty, ACE Overseas General.

Williamson succeeds Peter Seymour who, after 14 years at ACE, has decided to step down from the role. Seymour will continue serving as Technical Consultant.

In his new role,  Williamson 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.

He joined ACE in January 2004, as cargo underwriter and UK and Ireland 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.

In addition, AGM has made three 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.

Roe will assume the role of product head, fine art and specie; Reynolds will serve as product head, hull and kiability; and Kirk takes up the position of product head for cargo. 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.

“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.”