ACE lures Zurich exec

Re/insurer ACE has appointed Tim Stapleton as vice president and cyber insurance product manager for ACE Overseas General.

In the newly created position, Stapleton will focus on advancing and accelerating the development and execution of ACE’s cyber initiatives.

Based in London, he will report to Timothy O’Donnell, executive vice president, financial lines, ACE Overseas General, and Toby Merrill, senior vice president, global cyber practice leader.

Stapleton joins from Zurich General Insurance, where he served most recently as global underwriting manager for professional and management liability.

O’Donnell said: “Tim is a recognised 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.

“The cyber risks challenging businesses continue to become more complex and global in scale. We’ve become a global leader in this business by identifying and understanding emerging and evolving cyber risks, navigating different regulatory environments in markets across four continents, and meeting the unique and complex needs of both local and multinational clients.

“Tim’s appointment further represents ACE’s significant commitment to develop and execute best-in-class cyber insurance products and solutions.”