Hamilton USA names former AIG exec as CEO

Bermuda-based holding company Hamilton Insurance Group has appointed Seraina Maag as CEO of Hamilton USA.

Maag takes over the position of CEO from chief strategy officer and acting CEO Bob Deutsch, and will be responsible for overseeing the development of Hamilton’s US insurance platform.

She will report to Hamilton chairman and CEO, Brian Duperreault.

Maag has over 25 years of experience in the re/insurance industry, having most recently served as CEO and executive vice president of regional management and operations at American International Group (AIG).

She was a member on AIG’s executive leadership team, and prior to that, served as CEO and president of AIG EMEA.

“It’s a pleasure to welcome Seraina to Hamilton USA,” said Duperreault. “We feel that the careful search we undertook for a CEO of our US operations has resulted in finding exactly the right candidate.

“In addition to her extensive US and international experience, Seraina understands the role that technology and data analytics must play in today’s insurance industry.

“With the launch of Attune, our joint venture with AIG and Two Sigma that focuses on the $80 billion SME segment, we can turn our attention to the rest of the US P&C market – estimated at $420 billion – as we work with Seraina to build out Hamilton’s US platform.

“We’re delighted to have her on the Hamilton team.”

Maag added: “Brian is overseeing the execution of a bold vision, one that’s grounded in the truly innovative application of data science to the risk selection and pricing process. I’m delighted to join Hamilton at this exciting point in the company’s development.”