Hamilton Insurance Group, the Bermuda-based insurance and reinsurance business holding company in Bermuda and Lloyd's of London, says that Dermot O & # 39; Donohoe is leaving his position as CEO of Hamilton at Lloyd's .
Peter Barrett, former chairman of Lloyd's insurance broker Bell & Clements Ltd., has been named the newly formed global manager of special insurance. Mr. Barrett will have oversight responsibility for Hamilton's Lloyd's platform after the departure of Donohows and he will not be replaced, according to a spokesman for Hamilton.
Mr. Barrett will be based in London and report to Hamilton Group CEO Pina Albo, the statement.
He will be responsible for monitoring the integration of Lloyd's and non-Lloyd's operations. Hamilton acquires Liberty Mutual Group, including the Pembroke Managing Agency and Ironshore Europe DAC, as well as two MGAs ̵
Mr. "Donohoe agreed to stay with the company until the agreement with Liberty Mutual was signed," the statement said.
Mr. Barrett will also be responsible for monitoring the development of a broader insurance strategy based on the business in connection with the current acquisition, the statement says.
At the same time, Christi Garber, former tax manager in America at Validus Group, has been named the newly formed senior vice president for tax, the statement said. Mrs Garber will be based in New York and report to CEO Johnathan Reiss.
She will be responsible for all tax issues, including developing and maintaining an overall strategy for tax efficiency and operations that support Hamilton's growth strategy as for all aspects of Hamilton's global fiscal compliance.
"After the announcement earlier this month of our transformative deal with Liberty Mutual, I'm happy to welcome Peter Barrett and Christi Garber to the Hamilton team," Albo said in the statement. "The creation of these two new positions are important advances in achieving our goal of establishing a leading global specialty insurance and reinsurance company.
" Our welcome to Peter and Christi is our regret for losing Dermot. He has been with Hamilton at Lloyds from the beginning and has steered our agency and syndicate with a steady hand. "