Hamilton Underwriting hires Chubb exec as chief actuary and CRO

Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Alex Baker as chief actuary and chief risk officer (CRO).

Baker will report to Dermot O’Donohoe, chief executive officer, and working closely with Peter Skerlj, group chief risk officer. He is responsible for the development of pricing strategies and models, actuarial financial analyses and forecasts, and supporting the Hamilton Underwriting Board in achieving its risk, strategy and capital management objectives.

Prior to assuming his new position, Baker was the chief actuary of Chubb Managing Agent Limited (CMAL), where he was responsible for all actuarial work for the Lloyd’s Syndicate 1882 and held “Approved Person” status from the PRA of the Bank of England. He served as a capital modelling actuary from May 2011 to June 2013 with Chubb Insurance Company of Europe and CMAL. Baker was a key contributor to Syndicate 1882’s internal model approval process under Solvency II.

Previously, he spent two years with Chaucer Syndicates as a capital modelling actuary, where his role included service on the Syndicate Managing Boards for two Lloyd’s syndicates. Prior to joining Chaucer, he was a senior consultant at PricewaterhouseCoopers for six years.

“Since acquiring the managing agency and syndicate just over a year ago, we’ve focused on filling the critical administrative and underwriting roles that support our goal of building a diversified Lloyd’s platform,” said O’Donohoe. “We now have a first-class group of executives supporting an outstanding team of underwriters. I’m delighted to welcome Alex to Hamilton.”