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ACE Appoints New EVP Of International Property Business

Mr. Talbott will be responsible for the company's international property insurance business in Europe, the Middle East, Africa, Asia Pacific and Latin America

The ACE Group of insurance and reinsurance companies has appointed Derek Talbott as executive vice president of International Property.

In his new role, Mr. Talbott will be responsible for the management and performance of company’s international property insurance business in Europe, the Middle East, Africa, Asia Pacific and Latin America. He will be based in London and will report to John Keogh, CEO of ACE’s Overseas General operations.

He will replace Paul McNamee, who was recently named to lead ACE’s North American property business.

Prior to this, Mr. Talbott served as senior vice president, head of global clients and global products for Aon Benfield Fac based in New York and Boston since 2006. He joined Aon in 2003 as director-new business development for Aon Global Risks in London. Prior to Aon, he held a number of senior global property assignments with AIG in Boston, London and Asia, including regional property manager and regional commercial lines manager for AIU in Hong Kong from 2001 to 2003.

Mr. Keogh said: “We’re pleased to have an executive of Derek’s caliber join our international team. Derek’s leadership experience in global business development and in the international property function in Asia and the U.K. will be particularly valuable as we look to expand our property insurance business around the world.”