Hamilton Re begins writing financial lines with AIG/Chubb veteran hire

Hamilton Re, the Bermuda-based property/casualty reinsurer of  Hamilton Insurance Group, has launched a new financial lines insurance platform with the hiring of a seasoned senior leader from AIG.

David Friston (pictured) has agreed to join Hamilton Re as senior vice president, head of financial lines insurance. He is based in Bermuda and will report to chief underwriting officer Tim Duffin.

Friston has decades of financial lines industry experience, most recently following 11 years with AIG in Bermuda where he was senior vice president and financial lines manager, in addition to holding several directorships with AIG during his tenure.

Prior to AIG, Friston spent more than 15 years with various Chubb entities, based in London, Australia and New York, having started his career in banking, where he spent time working in India and London.

Megan Thomas, chief executive officer of Hamilton Re, said: “We’re delighted to welcome Dave to the Hamilton team. With his proven market leadership, deep experience, and strong relationships, we’re fortunate to have him on board to guide our growth in this important line of business.

Friston joins Bermuda insurance leaders Gavin Davis, head of property D&F insurance and Elaine Scully, head of casualty insurance.

“These three lines together create a trifecta of insurance solutions in Bermuda to meet the needs of our clients,” Thomas added.

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