ACE Bermuda Appoints Two New Executives
ACE Bermuda today [Apr 16] announced the promotion of two executives: Judy Gonsalves and Allison Towlson.
The ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. ACE Bermuda is a Bermuda-based subsidiary of ACE Limited and offers high-level excess liability, property and professional lines insurance products and services through Bermuda and non-US based intermediaries.
Judy Gonsalves has been appointed as Executive Vice President. Ms Gonsalves will continue to head up ACE Bermuda’s Excess Liability department with responsibility for management and development of ACE Bermuda’s and ACE Bermuda International’s book of business.
Ms Gonsalves has 20 years of experience in the insurance industry. She joined ACE Bermuda’s Excess Liability department in 1992 and was appointed Vice President of the Underwriting Services department in 1997. In 2001, she returned to the Excess Liability department as senior casualty underwriter and was appointed Senior Vice President in 2004. Ms Gonsalves holds a Bachelor of Arts degree in economics from Emory University, Atlanta, Georgia and is an Associate of the Chartered Insurance Institute (ACII).
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In addition, Allison Towlson has been appointed Regional Executive and Chief Operations Officer. In this expanded role Ms Towlson will be responsible for underwriting operations and enhancing the efficiency of the day-to-day operations of the company. 
She will maintain her previous role as Regional Executive with responsibility for client relationships, business development, and management of the underwriting services function.
Ms Towlson has over 20 years experience in the insurance industry. She joined ACE Bermuda’s Excess Liability department in 1998 and was appointed ACE Bermuda Regional Executive in 2004 with responsibility for business development and underwriting support services. Prior to joining ACE she spent seven years with Sedgwick Global Broking (Bermuda) where she handled casualty and D&O accounts for Fortune 1000 clients. Ms Towlson is an Associate of the Chartered Insurance Institute (ACII) and a Chartered Insurer. In March 2010 she was appointed chair of the Insurance Development Council (IDC) with responsibility for enhancing Bermuda’s market presence.
President and Chief Executive Officer of ACE Rees Fletcher stated:
“These appointments acknowledge Judy and Allison’s accomplishments, leadership and success within the ACE organization. Judy has been instrumental in driving the success of our excess liability business and in implementing best practice standards for ACE in the industry.
Allison’s underwriting and management experience combined with her in-depth understanding of ACE’s capabilities and knowledge of the Bermuda insurance industry, make her perfectly suited to take on this expanded role. I am confident that both Judy and Allison will play a significant role in positioning ACE Bermuda for future growth.
