Hamilton Lloyd's CEO O'Donohoe to leave; new executives revealed

Bermuda-based Hamilton Insurance Group's Lloyd's unit CEO Dermot O’Donohoe is leaving the company following its definitive agreement with Liberty Mutual to  acquire Pembroke Managing Agency and Ironshore Europe DAC.

The company has hired Peter Barrett, former chairman of Lloyd’s insurance broker Bell & Clements, to oversee the integration of the Lloyd’s and non-Lloyd’s operations that are being acquired by Hamilton from Liberty Mutual Group.

Barrett has been appointed to the newly-created role of global head, specialty insurance. He will be based in London, reporting to group CEO Pina Albo.

Additionally, Christi Garber has been appointed to the newly-created position of senior vice president, tax. She joins from Validus Group, where she was most recently tax director of the Americas. Prior to that, she was tax director and SVP at Sirius Group.

Garber will be based in New York and report to Group CFO Jonathan Reiss. She will serve as a key member of Hamilton’s finance team and will be responsible for all taxation matters.

O’Donohoe, who joined Hamilton in 2015, oversaw the April 2015 acquisition of Sportscover Managing Agency and Syndicate 3334. He agreed to stay with the Company until the definitive agreement with Liberty Mutual was signed.

“Following the announcement earlier this month of our transformative deal with Liberty Mutual, I’m delighted to welcome Peter Barrett and Christi Garber to the Hamilton team,” said Albo. “Their impressive skills and valuable experience are going to be critical as we complete our transaction and plan for the subsequent integration of the operations we’re acquiring. The establishment of these two new positions are key developments in achieving our goal of establishing a leading diversified global specialty insurance and reinsurance company."

Albo added: “Tempering our welcome to Peter and Christi is our regret at losing Dermot. He’s been with Hamilton at Lloyd’s from the beginning and has steered our agency and syndicate with a steady hand. We’re grateful for all that he’s contributed to Hamilton and wish him the very best in his future endeavours.”

O’Donohoe commented: “It’s been a great pleasure to be a part of establishing Hamilton’s platform at Lloyd’s. While I’ve enjoyed my time with the Company, I’m looking forward to a new challenge. I wish everyone well as they continue to build a top quartile specialty franchise at Lloyd’s.”

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