Kathleen Reardon, CEO of Hamilton Re Ltd., the Bermuda-based reinsurance arm of Hamilton Insurance Group Ltd., and a founding member of the company, is leaving the company.
In a statement Monday Hamilton Insurance Group Ltd. said David Brown has been appointed interim CEO and will oversee Hamilton's Bermuda operations until a successor is announced.
Mr. Brown has been chairman of Hamilton Re since 2015 and was interim CEO of Hamilton Insurance Group until CEO Pina Albo joined the company in 2018.
The latest executive liquidation at Hamilton follows the acquisition of Liberty Mutual Group & # 39 ;s Pembroke Management Agency at Lloyd & # 39; s and its Ironshore Europe DAC operations last year.
It comes as Hamilton accelerates plans "under current favorable market conditions, to take advantage of our expanded platform, products and our global teams to achieve our goals," Albo said in the statement.
A longtime reinsurer, Mr. Brown served as the founding CEO of Flagstone Reinsurance Holdings Ltd. 2005–201
Transition to management responsibilities will be "seamless," said Hamilton.