Bermuda-based firm Hamilton Insurance Group has announced that Megan Thomas has been appointed as the new Chief Executive Officer (CEO) of its reinsurance arm, Hamilton Re.
She will take over from David Brown, who has served as interim CEO of Hamilton Re following the departure Kathleen Reardon last month.
Thomas arrives from AXIS Capital, where she has held the position of Chief Underwriting Officer, Reinsurance for the last two years.
In her new position, she will report to Hamilton Insurance Group CEO Pina Albo and be based in Bermuda.
“We’re really looking forward to welcoming Megan to the Hamilton team,” said Albo.
“The breadth and depth of her underwriting experience across multiple lines of business on a global basis, as well as her strong leadership and relationships with clients and brokers, will help us to leverage the many opportunities we are seeing in today’s hardening market.”
Thomas has 20 years’ experience in the insurance and reinsurance industry, having begun her career in the Australian insurance and financial services market.
She spent almost 13 years at AIG where she held increasingly senior roles, culminating in a post as Chief Underwriting Officer, Liability Lines, before assuming her role at Axis Capital.
“We are indeed fortunate to have found Megan at this exciting stage of building a global specialty insurance and reinsurance franchise,” Albo continued.
“Her discussions with members of our Board and our executive team confirmed to all of us not only that Megan has what it takes to assist Hamilton in capitalizing on the market’s potential, but also that she’ll be a great fit for our company.”
