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ACE Invests in Nordic Property Operation

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© Business Wire 2014
2014-02-18 11:05:04 -

ACE Group today announced two management appointments as part of a programme of investment to further strengthen its proposition for corporate clients across the Nordic region.

Morten Stensholt Property Manager, for ACE in Norway (Photo: Business Wire)" title="\"/>" target="_blank" rel="nofollow"> ..
Morten Stensholt Property Manager, for ACE in Norway (Photo: Business Wire)

Per Bengtsson has been promoted to the new role of Property and Technical Lines Manager, Nordic region. Per will be responsible for managing financial performance as well as driving and delivering ACE’s strategy and development for the company’s property, construction, power generation and cyber risk portfolios in all four of its Nordic operations: Sweden, Norway, Denmark and
Finland. He will work collaboratively with ACE’s local teams and the external market to deliver a consistent proposition across the Nordic region and develop flexible solutions for ACE’s broker partners and clients across the region.

Previously, Per held responsibility for ACE’s property underwriting team in Sweden and Finland, overseeing the growth of the property portfolio since 2011. Before joining ACE as a property underwriter in 2008, he worked in underwriting roles at the insurer Trygg-Hansa.

Per will continue to be based in Stockholm and will report to David Snanoudj, Regional Property Manager Continental Europe and Hervé Cosson, Regional Technical Lines Manager, Continental Europe.

Morten Stensholt has been appointed to the position of Property Manager, Norway. In his new role, Morten will be responsible for managing the underwriting performance of ACE’s growing property portfolio in Norway and for driving its future profitable development.

Morten joins ACE with 13 of experience in the insurance industry. Most recently, he worked as a senior broker at Eneas. Previously, he held various relationship management, underwriting and sales positions at insurance companies AIG and Vesta Forsikring, with a focus on property, industrial risks and major accounts.

Morten will be based in Oslo and will report to Per.

Both appointments are effective immediately.

Bror Sandas, Country President, Nordics at ACE, said.

“We are excited about the opportunities we see for ACE across the property and technical lines market in the Nordics. These two appointments will be instrumental in ensuring that we deliver a consistent and best in class proposition for brokers and clients across the region, while strengthening our local offering in Norway, which is a core market for ACE.

“Per and Morten share a strong underwriting background and a track record of building successful partnerships with market partners. I look forward to working with them both as we further build our regional expertise and our local presence across our four Nordic countries.”


About ACE:

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.

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