AIG to buy Hamilton USA
Hamilton Insurance Group has announced that, effective immediately, William Freda has been appointed to the position of chairman of the board and David Brown has been appointed to the position of interim group CEO. The appointments come in the wake of the resignation of Brian Duperreault, who previously held both posts, to lead AIG as its new CEO.
Freda joined the Hamilton Board of Directors in June, 2014 and chairs the board’s audit committee. Brown has been a member of the board since Hamilton’s establishment in December 2013 and is chairman of its finance and governance committee.
“It is with regret that we have accepted Brian’s resignation from Hamilton,” said Freda. “He is an industry icon with a well-deserved reputation for visionary leadership. We have had the privilege of experiencing this first-hand at Hamilton.
“However, we have in David an experienced industry CEO who has been with the Company since inception. He is an ideal resource to lead Hamilton through this transition.
“With a superlative management team, and a board of directors representing a cross section of disciplines from the insurance, finance and technology industries, we are well-prepared to continue to execute our mission of writing the future of risk.
“In addition, our relationship with Two Sigma, our technology and investment partner, has been an extremely productive one since Hamilton’s launch at the end of 2013. Our experience with Attune, the technology-enabled company established with Two Sigma and AIG, has demonstrated the huge potential in applying data science and analytics to transform the underwriting process. We are all excited about the potential for ongoing growth and development at Hamilton.”
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Hamilton Insurance Group, AIG, Appointment, Brian Duperreault, William Freda, David Brown, Bermuda