ABIR picks Hamilton's Albo as deputy chair, Catlin's Convex as newest member
The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton CEO Pina Albo as its deputy chair, and added Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group to its membership.
Albo is the first woman elected to serve as an ABIR officer. She is filling the unexpired term of former Validus Re CEO Kean Driscoll, who stepped down from his ABIR leadership role upon his recent appointment as global chief underwriting officer for AIG’s property and agriculture insurance.
Prior to Hamilton Insurance Group, Albo held several senior positions during her 25-year career at Munich Re. She currently sits on the board of directors for the IFG Companies, Blue Marble Microinsurance and Attune Insurance, as well as member of many industry boards including the Reinsurance Association of America, among others.
Convex will underwrite insurance and reinsurance for complex specialty risks across a broad range of businesses in both London and Bermuda under the leadership of industry veteran Catlin, who previously served as ABIR chair from 2015-16.
With $1.8 billion of committed capital, Convex is said to be the largest re/insurance start-up in the Bermuda market’s history.
“ABIR’s executive leadership bench is deep. The entire membership thanks Kean Driscoll for his exemplary service, looks forward to working with Pina Albo in her role as an ABIR Deputy Chair, and reconnecting with Stephen Catlin and the growing team at Convex Group on behalf of the World’s Risk Capital—Bermuda,” said John Huff, chief executive of ABIR.
Albert Benchimol, president and CEO of AXIS Capital and current chair of ABIR, added: “On behalf of the Bermuda market, I want to thank Kean Driscoll for his industry leadership and for his service to ABIR as an officer. We welcome Pina Albo as an ABIR officer and look forward to leveraging her extensive insurance leadership experience to continue Bermuda’s leading underwriting position in the global re/insurance industry.”
Albo commented: “I’m delighted to join the esteemed ABIR Leadership. Although I’ve been with Hamilton for almost two years, it didn’t take me long to realize the integral role the association plays in protecting and nurturing the Bermuda re/insurance market. As CEO of a Bermuda-based company, I welcome any part I can play in helping ABIR, and the Island, meet their objectives.”
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