ACE Group has named Derek Talbott division president of North America property and specialty lines. He will be based in Philadelphia and report to John Lupica, chairman of insurance, North America.
Talbott succeeds Paul McNamee, who has been named deputy president of ACE’s Asia Pacific region.
In his new role, Talbott’s responsibilities will cover ACE’s network of retail and wholesale broker-distributed property and first part lines in North America, including customised fronting and captive solutions.
Talbott will begin his new role on a full-time basis on 1 September when he relocates from London, where he is currently serving as executive vice president of international property for ACE overseas general.
Lupica said: “We are pleased to welcome Talbott to our team in North America. In response to our brokers’ and customers’ needs, we recently increased critical catastrophe limits across our North American retail and wholesale commercial property lines.”
“With this increased capacity and ACE’s broad portfolio of products and services, Talbott is well positioned to lead ACE’s continued commitment to provide meaningful property offerings to customers and brokers in North America.”
