Bermuda domiciled insurer and reinsurer, Hamilton Insurance Group, has announced a number of executive developments, including the departure of Dermot O’Donohoe as Chief Executive Officer (CEO) of Hamilton at Lloyd’s.
O’Donohoe joined the firm in 2015, and oversaw the acquisition of Sportscover Managing Agency and Syndicate 3334, and the subsequent development of these into recognised specialty players at Lloyd’s of London.
It had been agreed that O’Donohoe would stay with the company until the definitive agreement with Liberty Mutual was signed, which happened earlier this month.
“It’s been a great pleasure to be a part of establishing Hamilton’s platform at Lloyd’s. While I’ve enjoyed my time with the Company, I’m looking forward to a new challenge. I wish everyone well as they continue to build a top quartile specialty franchise at Lloyd’s,” said O’Donohoe.
As well as O’Donohoe’s departure, Hamilton Insurance has announced that Peter Barrett, former Chairman of Lloyd’s broker Bell & Clements, has been appointed Global Head, Specialty Insurance, a newly created position.
He will be based in London and report to Hamilton Group CEO, Pina Albo, and will take responsibility for overseeing the integration of both the Lloyd’s and non-Lloyd’s operations that are being acquired by the firm from Liberty Mutual. This includes Pembroke Managing Agency and Ironshore Europe DAC, and also two MGAs.
Former Tax Director of the Americas at Validus Group, Christi Garber, has also joined Hamilton Insurance, to the newly created position of Senior Vice President (SVP), Tax. Based in New York, Garber will report to Group Chief Financial Officer (CFO), Jonathan Reiss, and will become a key part of the company’s finance team, responsible for all taxation matters.
Hamilton Group CEO, Albo commented: “Following the announcement earlier this month of our transformative deal with Liberty Mutual, I’m delighted to welcome Peter Barrett and Christi Garber to the Hamilton team. Their impressive skills and valuable experience are going to be critical as we complete our transaction and plan for the subsequent integration of the operations we’re acquiring.
“The establishment of these two new positions are key developments in achieving our goal of establishing a leading diversified global specialty insurance and reinsurance company.
“Tempering our welcome to Peter and Christi is our regret at losing Dermot. He’s been with Hamilton at Lloyd’s from the beginning and has steered our agency and syndicate with a steady hand. We’re grateful for all that he’s contributed to Hamilton and wish him the very best in his future endeavours.”