Bermuda insurer and reinsurer, Hamilton Insurance Group, has appointed Wilfred Chin as Chief Actuary at Hamilton Global Specialty, its underwriting platform written by Syndicate 4000 at Lloyd’s and Hamilton Insurance DAC.
Chin joins Hamilton from Tokio Marine Kiln (TMK) where he served in a range of roles for nearly 15 years.
He was most recently Group Head of Reserving and Chief Actuary of TMK’s non-Lloyd’s platform.
Before TMK, he served at Deloitte. Chin is also a Fellow of the Institute and Faculty of Actuaries.
He joined Hamilton earlier this month and reports to Group Chief Risk Officer Alex Baker.
“I am delighted Wilfred has joined the Hamilton team. His appointment underscores our commitment to upholding Hamilton’s high-quality risk and actuarial integrity and supporting the execution of its strategy to contribute to our continued success,” Baker said.
He continued, “Chin’s proven track record of leading teams, his analytical capabilities in pricing and reserving and his in-depth knowledge of Lloyd’s will enhance how we serve our clients.”
In related news, Hamilton recently appointed Peter Riihiluoma as Senior Vice President, Head of Specialty Reinsurance at Hamilton Re, the firm’s Bermuda-based insurance and reinsurance underwriting platform.
At the start of December, the firm reported that Q3 2023 net income was $43.6 million, up considerably from Q3 2022’s loss of $136.1 million, while gross written premiums also grew 18.3% to $474.1 million.
Hamilton’s overall combined ratio in Q3 was much improved at 92.6%, down 29.9% from last year, with better performance across both reporting segments (International combined ratio of 97.7% and Bermuda combined ratio of 86.9%).
