Hamilton appoints industry veteran as new chair

Hamilton Insurance Group has appointed David Brown (pictured), a long-standing member of its board of directors, to the role of chair. Current board chair, Bill Freda, who has served on the board for nine years, the last six years as chair, will continue to serve as a non-executive director.

Brown has been a director on the Hamilton Board for nearly ten years during which time he also briefly served as interim group CEO and interim Bermuda CEO. Brown was founder and served as CEO of Flagstone Reinsurance Holdings from its foundation in October 2005 until November 2012. He previously served as CEO of Centre Solutions from 1994 until 1997. Before joining Centre Solutions, he was a Partner with EY. Brown is Deputy Chair of the Board of the Bermuda Stock Exchange having served for 20 years as chair, and chair of Argus Group Holdings and Bermuda Commercial Bank.

Freda has served on the Hamilton board for nine years, the last six years as chair. As senior partner and vice chair of Deloitte, Freda acted as a strategic liaison to the marketplace as well as to professional and community organizations.

“I feel very privileged to take on this role, having been with Hamilton since inception nearly ten years ago,” said Brown. “I look forward to continuing to guide the Hamilton executive team alongside Bill and the other esteemed directors.”

Freda added: “I have every confidence in David as board chair. As a highly respected and thoughtful insurance industry leader, he is the ideal person to move into this position. I remain committed to the long-term success of Hamilton and look forward to continuing my involvement as a member of its Board.”

Pina Albo, Hamilton CEO, said: “We are delighted to have David assume the role of Chair and pleased Bill will remain on the Board as we continue to execute our strategy of building a global, diversified specialty insurance and reinsurance company.”