Kathleen Reardon is leaving her position as the Chief Executive Officer of Bermuda based reinsurer Hamilton Re, with David Brown set to replace her as an interim CEO.
Hamilton Insurance Group, Ltd. announced that David Brown has been appointed Interim CEO of its reinsurance division Hamilton Re, Ltd.
The company said that CEO Kathleen Reardon and itself are now parting company.
Brown will oversee Hamilton’s Bermuda reinsurance operations until a successor is announced and the company will focus on its goal of building a profitable, diversified global specialty insurance and reinsurance company.
“David is a widely respected insurance professional with hands-on knowledge of Hamilton’s business,” explained Group CEO Pina Albo. “He has been Chairman of Hamilton Re, Ltd. since 2015 and was Hamilton Insurance Group’s Interim CEO for nine months until my appointment in February 2018. He knows our business and our people well, so our transition in management responsibilities will be seamless.
“David’s leadership and experience will be instrumental as we accelerate plans, in current favorable market conditions, to take advantage of our expanded platform, products, and our global teams to achieve our goals.
“In the meantime, we would like to express our sincere gratitude to Kathleen for all she has contributed to Hamilton’s growth and development since its inception. We wish her every success in her future endeavours.”
Brown has a wealth of experience gained in a successful reinsurance industry career. He was the founding CEO of the Flagstone Re team and also worked as CEO of Centre Solutions.
There has been no news of where Kathleen Reardon may emerge in a new senior reinsurance leadership position at this time.