ACE Appoints Tim Stapleton as VP and Cyber Insurance Product Manager for ACE Overseas General

Professional Services Close - Up

ACE Group reported that Tim Stapleton has joined the company as Vice President and Cyber Insurance Product Manager for ACE Overseas General, the company's general insurance business outside of North America.

In a release, the company noted that in this newly created position, Stapleton will focus on advancing and accelerating the development and execution of ACE's cyber initiatives, a role that encompasses underwriting, strategy, product development, vendor management and providing leadership to ACE's regional teams. Stapleton, who will be based in London, reports to Timothy O'Donnell, Executive Vice President, Financial Lines, ACE Overseas General, and Toby Merrill, Senior Vice President, Global Cyber Practice Leader. Stapleton will also join ACE's Global Cyber Product Board

"Tim is a recognized 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," said O'Donnell. "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."

"Cyber risk exposures have no boundaries, and ACE is one of the few insurers capable of delivering truly global services to brokers and clients," said Merrill. "We look forward to Tim's leadership in helping to coordinate ACE's global cyber strategy, which brings together the expertise, underwriting capabilities and services of our existing cyber risk-related business units around the world."

Stapleton brings to ACE 12 years of underwriting and management experience in professional liability and cyber risk. He joins ACE from Zurich General Insurance, where he served most recently as Global Underwriting Manager for Professional and Management Liability, responsible for the development, implementation and maintenance of global technical underwriting standards, product strategies and guidelines for the company's professional and management liability and cyber sublines.