Hamilton announces changes at top of specialty reinsurance

Hamilton Insurance Group has promoted Peter Riihiluoma to be head of specialty reinsurance at the company, succeeding Richard Sammons who is leaving the company. 

Sammons, who has been at Hamilton in Bermuda since 2014, is returning to the UK for personal reasons. 

Riihiluoma will report to Hamilton Re chief underwriting officer Tim Duffin. He was previously vice president for specialty reinsurance and has been with Hamilton since 2019. 

Hamilton Re chief executive officer Megan Thomas, said: “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.”

Riihiluoma has held underwriting, pricing and portfolio management responsibilities across a diverse portfolio of specialty reinsurance lines since joining Hamilton. 

Prior to Hamilton, he was with Chubb for nine years, most recently as Vice President, Ceded Reinsurance in Minneapolis, Minnesota. Riihiluoma is a Fellow of the Casualty Actuarial Society.