ABIR elects first female chair as it turns 30

The Association of Bermuda Insurers and Reinsurers (ABIR) has unveiled Pina Albo is its new chair, following the organization’s biennial election of officers at its recent board meeting.

Albo, CEO of Hamilton Insurance Group, began her two-year tenure on January 1 and is the first woman to serve as ABIR Chair in its 30-year history. Albo succeeds Marc Grandisson, CEO of Arch Capital Group.

Other newly elected ABIR officers are deputy chair Chris Schaper, the group CEO of AIG Re, and second deputy chair Stephen Catlin, chair of Convex Group.

“I look forward to working with the ABIR board and fellow member companies to advance the interests of the Bermuda re/insurance market,” Albo said. “Together, we will continue ABIR’s proud legacy of leadership in the industry, advocating for insurance markets that are open, soundly regulated and competitive.

“As I step into the role, I’d like to recognize Marc’s invaluable service as ABIR Chair over the past two years. Under Marc’s leadership we have advanced many industry issues and he has ensured we are poised to take ABIR’s company interests forward.”

ABIR celebrates its 30th anniversary this year. Launched as the collective voice of Bermuda’s leading insurers and reinsurers, its members have led in the building of Bermuda’s reputation as the World’s Risk Capital, by bringing together the capital, talent and innovation to provide protection and peace of mind to consumers around the world.

John Huff, CEO of ABIR, said: “The impressive leadership credentials of ABIR’s newly elected officers reflects the depth of world-class talent in the Bermuda re/insurance market. As ABIR embarks on its 30th anniversary year, Pina’s election as the first woman to serve as ABIR Chair is a significant milestone.

“ABIR and our member companies are committed to building diverse, equitable and inclusive teams to continue the Bermuda re/insurance market’s global leadership in addressing large and complex exposures in areas including natural catastrophe, climate, cyber, mortgage and specialty risks.”