Dermot O’Donohoe, the former chief executive officer (CEO) of Torus, has been appointed as CEO of Sportscover, Hamilton Insurance’s recently acquired Lloyd’s managing agent.
Sportcover will be renamed as Hamilton Underwriting.
He joined Torus in 2009 and, until his departure in mid-2014, held a variety of executive-level positions, including global head of specialty and CEO of Torus International.
Brian Duperreault, Hamilton CEO, said: “I am delighted to announce that Dermot will be joining the Hamilton team. He’s a superb underwriter with more than 30 years’ experience in the UK and Europe. During that time, he profitably led, developed and grew many lines of business.
“Lloyd's influence in the global marketplace cannot be overstated. As we've previously noted, it is critical to the successful implementation of our business strategy. Dermot has the in-depth knowledge of the Lloyd’s and European markets that we need to develop our international business, and I’m pleased we’ve identified the right person to lead this aspect of Hamilton’s development.”
O’Donohoe added: “I am impressed with the manner in which Brian Duperreault and his team have been executing their strategy to build a diversified global platform at Hamilton. The group’s emphasis on underwriting profit and leading technology deployment will serve our clients and brokers well. I’m honoured to be joining this exciting venture and contributing to its future success.”
Dermot O’Donohoe, Hamilton Insurance, Torus, Sportscover, Lloyd's, Bermuda, Europe