Hamilton Re parts company with CEO Reardon; chairman Brown takes reins

03-08-2020

Bermuda reinsurer Hamilton Re has parted company with CEO Kathleen Reardon just as the industry heads into renewals season. Its chairman David Brown has taken the reins on an interim basis.

The company, which said it is accelerating plans to take advantage of a hardening market, said Brown will oversee Hamilton’s Bermuda operations until a successor is announced.

Reardon has been CEO of the reinsurer since April 2014. Prior to Hamilton, Reardon served as SVP, chief underwriting officer international for ACE (now Chubb) Tempest Re Bermuda.

Before moving to Bermuda, she held various actuarial roles at ACE USA following ACE’s acquisition of CIGNA’s P&C business in 1999, having begun her career at CIGNA as an actuarial assistant.

Brown, also the chairman of Hamilton Re, previously served as the CEO of Flagstone Reinsurance Holdings from its foundation in October 2005 until November 2012. He also previously served as CEO of Centre Solutions from 1994 until 1997.

Before joining Centre Solutions, Brown was a partner with EY. He has been chairman of the Board at the Bermuda Stock Exchange since 2000.

“David is a widely respected insurance professional with hands-on knowledge of Hamilton’s business,” said group CEO Pina Albo. “He has been Chairman of Hamilton Re, Ltd. since 2015 and was Hamilton Insurance Group’s Interim CEO for nine months until my appointment in February 2018. He knows our business and our people well, so our transition in management responsibilities will be seamless.

“David’s leadership and experience will be instrumental as we accelerate plans, in current favorable market conditions, to take advantage of our expanded platform, products, and our global teams to achieve our goals.

“In the meantime, we would like to express our sincere gratitude to Kathleen for all she has contributed to Hamilton’s growth and development since its inception. We wish her every success in her future endeavours.”

Hamilton Re, Kathleen Reardon, David Brown, Pina Albo

More on this story

Hamilton Re names Megan Thomas as CEO
09-09-2020

Bermuda Re