ACE Group today announced the appointment of Richard Bennett as Senior Vice President and Executive Dean of ACE’s Early Career Development Program. In this new role, Mr. Bennett will have global responsibility for developing and delivering a world-class educational experience for the company’s early career underwriters and support-unit professionals.
Mr. Bennett will focus on increasing the rigor and depth of the technical components of ACE’s development programs as well as establishing effective career management processes within those programs. He will work collaboratively with ACE’s U.S. and international human resources and talent management teams. Based in New York, Mr. Bennett will report to John Lupica, Vice Chairman, ACE Group, and Chairman, Insurance-North America.
“The creation of this role, and Richard’s appointment to it, reflect the growing importance of our Early Career Development Program to ACE’s overall businesses and talent development strategy,” said Mr. Lupica. “ACE’s integrated talent management and development programs are designed to ensure that underwriters and support staff develop the knowledge and expertise required to provide the company’s customers with industry-leading products and services. I’m confident that Richard, with his track record of achievement and unique combination of experience in both the academic and insurance arenas, will instill the fundamental principles of insurance underwriting and management into all of ACE’s early career staff.”
With more than 35 years of educational and industry experience, Mr. Bennett joins ACE from St. John’s University’s School of Risk Management, Insurance and Actuarial Science, where he most recently served as Assistant Professor and held the Met Life Teaching Chair in Risk Management. He spent 27 years helping to build the University’s reputation as one of the world’s most respected risk and insurance education institutions.
Earlier in his career, Mr. Bennett held management positions in underwriting and claims for several global carriers. He additionally has conducted risk management seminars for many industry professionals in the U.S., Asia and Europe.
Mr. Bennett holds Bachelor of Business Administration and Master of Business Administration degrees from The College of Insurance and Finance, and a Master’s degree in Media Studies and Communication from Queens College. Further, he holds 11 risk management professional designations, including the Chartered Property and Casualty Underwriter (CPCU), Associate in Risk Management (ARM), and Registered Professional Liability Underwriter (RPLU).
“I’m pleased to welcome Richard to this key role as it reflects ACE’s ongoing commitment to investing in our people and the development of talent in our organization. The programs that Richard will shape are essential to training and developing the next generation of leaders at ACE,” said John Keogh, Vice Chairman & Chief Operating Officer, ACE Limited / ACE Group, and Chairman, Insurance - Overseas General.
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 supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com or follow ACE on Twitter by visiting https://twitter.com/ACE_GroupNA.
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Carla Ferrara, 215-640-4744