We have a number of new executive appointments to tell you about at ACE Group, Tiger Risk, Allianz, Canopius and Infinity Property and Casualty Corp.


ace_logo_1ACE Group said it has made a number of executive changes in its ACE Bermuda arm.

Rees Fletcher is the new chairman of ACE Bermuda. He was promoted from within and has served various leadership roles with the company since he joined 26 years ago. In his new position, Fletcher will focus on business development guidance, risk management oversight and ensuring continuity of strategic relationships in the Bermuda market.

Joseph Clabby, meanwhile, is now division president, ACE Bermuda, succeeding Fletcher in the position. His new job will focus on directing the company’s underwriting, distribution and marketing of high-level excess liability, professional liability, political risk and property insurance coverage through non-U.S.-based brokers.

Clabby will also continue in his position as division president of ACE Global Accounts, focusing on integrating both roles to develop ACE’s multinational business.

Clabby has been with ACE since 2001.

Also, Judy Gonsalves is now chief underwriting officer for ACE Bermuda, and will handle its books of business. She will be tasked with continuing to focus on applying ACE’s quality capacity in excess liability, property and professional risk on behalf of global customers.

Gonsalves has been with ACE Bermuda since 1992.


TigerRisk Partners has hired on industry veteran Paul Karon as its new vice-chairman.

Karon joins the reinsurance broking and risk/capital management firm after a long reinsurance career that began in 1985 with E.W. Blanch.

Along with Rod Fox, he co-founded Benfield Inc. in 2000 and served as president and chief operating officer, later becoming CEO and Chairman. As well, he served on the board of parent company Benfield PLC, which traded on the London exchange. Once Aon purchased Benfield in 2008, Karon stayed on as chairman Americas for Aon Benfield, and was a member of Aon’s global executive committee.

In 2008, Karon became vice chairman of AQR Re, a Bermuda-based reinsurer, and served on its board of director.

In his new role, Karon will serve as a senior leader, dealmaker, mentor and strategic advisor for Tiger’s leadership team.


Allianz Global Corporate & Specialty hired Jeffrey Landesmann as its new head of global broker allianz_flagge2management in North America.

In his new role, he’ll handle North American business development and strategy for AGCS’s global broker partnerships and lead a national team of business development managers. He’ll report to John Pontin, regional head of global partnerships in North America for AGCS.

Landesmann comes to AGCS from Aon, where he served as director and regional practice leader. He’s also held management positions at Carpenter Moore Insurance and BWD Group LLC.


Canopius Group Ltd., a global specialty insurer, has found a replacement for James Giordano, the executive chairman of Canopius U.S. operations who is retiring on June 30.

Mike Duffy will replace him, but also keep his current role as CEO, Global Property. In his new role, he’ll gain oversight of Canopius U.S. Insurance and Canopius Underwriting Agency Inc.

Separately, Andrew Fowles will become the new president and chief underwriting officer for Canopius U.S. Insurance. He’ll report to Stephen Bird, who is the new group head of North American Facilities. Fowles succeeds Wayne and Laura Bates, who founded Canopius U.S. insurance but are now departing.


Roger Smith, the executive vice president and CFO of Infinity Property and Casualty Corp. plans to retire at the end of August, the company announced on April 23.

Smith has served as CFO since the company went public in 2003. He plans to become a college teacher.

Sources: ACE Group, TigerRisk, Allianz, Canopius, Infinity Property and Casualty Corp.