Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations that underwrite property and casualty risks on a worldwide basis, has appointed Brian Duperreault as its new chairman.
Duperreault will take on the role in addition to his position of chief executive officer of Hamilton. He takes over the chairman of the Board role from Sandy Weill, who has decided to retire from the role.
Weill has been Hamilton’s chairman since January 2014, one month after its formation. Upon his retirement, he will continue to advise the company in a consulting capacity, providing guidance and leadership on strategic growth initiatives.
In addition to his advisory role with Hamilton, Weill’s leadership extends to his extensive Board affiliations, including chairman emeritus of Citigroup; president of Carnegie Hall; chairman emeritus of Weill Cornell Medicine; founder and chairman of the National Academy Foundation; chairman of the executive council of the University of California, San Francisco; chairman of Weill Hall and the Green Music Center at Sonoma State University; chairman of the Lang Lang International Music Foundation; member of the Chancellor’s Advisory Board at the University of California, Davis; and member of the American Academy of Arts and Sciences.
Duperreault’s many board positions include the International Insurance Society, the IESE Business School, the Insurance Information Institute, and the Bermuda Institute of Ocean Sciences (BIOS). He also serves as lead director of Tyco’s Board of Directors, member of the Board of Directors of Blue Marble Microinsurance, and is the former chairman of the Board of Overseers of the School of Risk Management at St. John’s University, New York.
Duperreault said: “Sandy was instrumental in Hamilton’s market launch and, since then, we’ve benefited greatly from his extensive experience and balanced judgment. I will always be grateful to him for believing in Hamilton’s potential, and look forward to his wisdom and counsel as a consultant to the company.”
Weill added: “I have really enjoyed my time as chairman of Hamilton, and I am proud of what we have accomplished together in a short period of time. Today, Hamilton provides the highest quality products and services to our clients while growing value for all stakeholders.
“I would like to thank my fellow directors and the senior leadership team at Hamilton for all their support and hard work, and I look forward to contributing further to the company’s continued success.”
Hamilton Insurance Group, Brian Duperreault, Sandy Weill, Bermuda