ACE invests in Nordic property operation
ACE Group has made two management appointments as part of a programme of investment to further strengthen its proposition for corporate clients across the Nordic region.
Per Bengtsson has been promoted to the new role of property and technical lines manager, Nordic region.
He 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.
Previously, Bengtsson 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.
Bengtsson 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. He will be responsible for managing the underwriting performance of ACE’s growing property portfolio in Norway and for driving its future profitable development.
Stensholt 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.
Stensholt will be based in Oslo and will report to Bengtsson.
Bror Sandas, country president, Nordics at ACE, says: “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.”
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