29 April 2014 News

Hamilton Re appoints former ACE exec as CEO

Hamilton Insurance Group has appointed Kathleen Reardon to the position of chief executive officer of Hamilton Re, the group’s Bermuda-based property casualty reinsurer.

Reardon, who is a founding member of Hamilton Re’s management team, was chief underwriting officer, property.

She has 20 years of experience in the re/insurance industry. Previously she served as chief underwriting officer senior vice president for ACE Tempest Re, Bermuda’s international property catastrophe reinsurance business. She has also served at ACE Financial Solutions International, first as assistant vice president underwriting and then as vice president underwriting.

Before moving to Bermuda, Reardon held various actuarial roles at ACE USA following ACE’s acquisition of CIGNA’s P&C business in 1999. She began her career at CIGNA in 1994.

Tim Duffin, senior vice president, property, will take over the role of chief underwriting officer, property, and Claude Lefebvre, chief underwriting officer, casualty, has been given the expanded position of chief underwriting officer, casualty and specialty.

Duffin has 17 years’ reinsurance industry experience in the Bermuda and London markets. Previously, he was a property catastrophe underwriter at Platinum Underwriters Bermuda. He has also served as a broker for Aon in London and Bermuda, where he was part of the global retrocession team.

Lefebvre, a qualified actuary with expertise in both underwriting and reinsurance broking, is a member of Hamilton Re’s founding management team.

Lefebvre has over 20 years of experience in the reinsurance industry, including three years as head of casualty underwriting at Arch Reinsurance in Bermuda and three years as vice president of CNA Re in Chicago.

Brian Duperreault, chief executive officer of Hamilton Insurance Group, said: “I’m delighted to announce Kathleen’s well-deserved promotion. She is a consummate professional who has earned the respect and admiration of our clients, shareholders and employees for her astute business acumen, deep industry knowledge and collegial working style.

“It’s my pleasure to entrust Hamilton Re to Kathleen, and I look forward to working with her as she continues to build on the success of our reinsurance business.

“Both Tim and Claude are indicative of Hamilton Re’s significant bench strength and the talented team of underwriters that continues to distinguish this company.”

Reardon said: “It’s a privilege to be given the chance to lead the growth of Hamilton Re as a premier reinsurer. While the current market is challenging, we have built a solid foundation with almost 200 clients. With Brian’s support and Hamilton Re’s expert management and staff, I am confident that we will provide superior value to our clients and shareholders.”

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