Hamilton Insurance Group has appointed Peter Riihiluoma as Senior Vice President, Head of Specialty Reinsurance at Hamilton Re, the firm’s Bermuda-based insurance and reinsurance underwriting platform.
Riihiluoma, who replaces Richard Sammons in the role, is set to begin his tenure on January 1, 2024. He will report to Hamilton Re Chief Underwriting Officer, Tim Duffin.
Hamilton explained that Riihiluoma has held underwriting, pricing and portfolio management responsibilities across a diverse portfolio of specialty reinsurance lines since joining the firm in 2019 as Vice President, Specialty Reinsurance.
Before Hamilton, he was with Chubb for nine years, chiefly as Vice President, Ceded Reinsurance in Minneapolis, Minnesota.
Hamilton Re Chief Executive Officer Megan Thomas, commented on the transition, “We are thrilled to announce Peter as our new SVP, Head of Specialty Reinsurance.
“He has been an integral part of the Hamilton team and his exceptional skills and insightful market awareness make him the perfect fit to be promoted to this leadership role. We are confident Peter will continue to excel in his new capacity.
“While we will miss Richard, we respect and support his personal decision to relocate back to the UK later in 2024, and we part on the best of terms. He has been an invaluable member of the Hamilton team, having built the Specialty Reinsurance practice when he joined nine years ago.”
