Hamilton parts ways with reinsurance CEO Reardon; 'accelerates plans' for hardening market

Bermuda-based Hamilton Insurance Group has parted ways with Hamilton Re CEO Kathleen Reardon and appointed chairman David Brown to take the reins, as part of the company's accelerating plans to take advantage of a hardening market.

Reardon has been CEO of the reinsurer since April 2014. Prior to Hamilton, Reardon served as SVP, chief underwriting officer international for ACE (now Chubb) Tempest Re Bermuda. Before moving to Bermuda, she held various actuarial roles at ACE USA following ACE’s acquisition of CIGNA’s P&C business in 1999, having begun her career at CIGNA as an actuarial assistant.

As interim CEO of Hamilton Re, will oversee the company's Bermuda operations until a successor is announced.

Brown, also the chairman of Hamilton Re, previously served as the CEO of Flagstone Reinsurance Holdings from its foundation in October 2005 until November 2012. He also previously served as CEO of Centre Solutions from 1994 until 1997. Prior to that, Brown was a partner with EY. He has been chairman of the Board at the Bermuda Stock Exchange since 2000.

“David is a widely respected insurance professional with hands-on knowledge of Hamilton’s business,” said Hamilton group CEO Pina Albo. “He has been Chairman of Hamilton Re, Ltd. since 2015 and was Hamilton Insurance Group’s Interim CEO for nine months until my appointment in February 2018. He knows our business and our people well, so our transition in management responsibilities will be seamless.

“David’s leadership and experience will be instrumental as we accelerate plans, in current favorable market conditions, to take advantage of our expanded platform, products, and our global teams to achieve our goals.

“In the meantime, we would like to express our sincere gratitude to Kathleen for all she has contributed to Hamilton’s growth and development since its inception. We wish her every success in her future endeavours.”