The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton Insurance Group Chief Executive Officer (CEO) Pina Albo as its Deputy Chair.
Albo fills the unexpired term of Validus Re CEO Kean Driscoll, who stepped down from the position after his recent appointment as Global Chief Underwriting Officer for AIG’s property and agriculture insurance.
The election was held at the Summer board meeting of ABIR, which also saw the Association add Stephen Catlin’s Convex Group to its membership.
Convex will underwrite insurance and reinsurance for complex specialty risks under the leadership of Catlin, who previously served as Chair of ABIR between 2015 and 2016.
Albert A. Benchimol, President and CEO of AXIS Capital and current Chair of ABIR, commented on the announcements: “We welcome Pina Albo as an ABIR officer and look forward to leveraging her extensive insurance leadership experience to continue Bermuda’s leading underwriting position in the global re/insurance industry.”
“On behalf of the Bermuda market, I want to thank Kean Driscoll for his industry leadership and for his service to ABIR as an officer,” he added.
Albo began her career as a lawyer in Toronto, Canada in 1987, before embarking on a 25-year career at Munich Re, beginning in 1992.
While at Munich Re, she held increasingly senior position, including as Head of Casualty Unit, North America/UK and International D&O/EPL; Head of Casualty Operations at Munich Reinsurance Company of Canada and Temple Insurance Company; Executive Head of Department UK and Ireland; President, National Clients Division, Munich Re America; and President, Reinsurance Division, Munich Re America
Albo’s last position at Munich Re was Member of the Board of Executive Management where her responsibilities included P&C business and operations in Europe and Latin America.
In addition to her role at Hamilton, Albo currently sits on the Board of Directors for the IFG Companies, Blue Marble Microinsurance and Attune Insurance.
Previously, she has been a member of the Board of the Insurance Information Institute, the Board of the Reinsurance Association of America, and the National Board of the Insurance Industry Charitable Foundation.
“I’m delighted to join the esteemed ABIR Leadership,” said Albo. “Although I’ve been with Hamilton for almost two years, it didn’t take me long to realize the integral role the association plays in protecting and nurturing the Bermuda re/insurance market.”
“As CEO of a Bermuda-based company, I welcome any part I can play in helping ABIR, and the Island, meet their objectives,” she stated.
John Huff, Chief Executive of ABIR, also commented: “ABIR’s executive leadership bench is deep. The entire membership thanks Kean Driscoll for his exemplary service, looks forward to working with Pina Albo in her role as an ABIR Deputy Chair, and reconnecting with Stephen Catlin and the growing team at Convex Group on behalf of the World’s Risk Capital—Bermuda.”
