ACE Bermuda today announced the appointment of Anup Seth as Managing Director of ACE European Markets. Mr. Seth will assume responsibility for the general day-to-day management of the Dublin-based operation.
ACE European Markets was established in 1997 to provide low-frequency, high-severity excess capacity to European and international clients following the underwriting discipline and guidelines developed by ACE Bermuda.
“I am delighted to announce Anup’s appointment,” said Rees Fletcher, President & Chief Executive Officer of ACE Bermuda, “His knowledge of the ACE organization and experience in Bermuda will stand him in good stead as he takes leadership of ACE European Market’s continued growth and profitability.”
Mr. Seth started his career with ACE in 2001 and has held various actuarial, modeling, reserving and management roles. He joined ACE Bermuda in July 2004 as Chief Actuary from ACE European Group in London. Previously he worked as Head of Products and CRM at Misys Interactive Trading and as a Senior Consultant in Non-life Insurance at PricewaterhouseCoopers, both in the UK.
Mr. Seth is a Fellow of the Institute of Actuaries and holds a bachelor of science degree in Actuarial Science from the London School of Economics & Political Science.
AEM is a subsidiary of ACE Bermuda Insurance Ltd., a Bermuda-based member of the ACE Group of Companies. AEM commenced operations in Dublin in 1997, and established its London branch office in 2000. AEM provides European and other international insurance purchasers with local access to ACE’s traditional excess products and capabilities, as well as making other parts of the ACE Group more accessible.
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the Standard & Poor’s 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.