Hamilton appoints new CEO

Hamilton appoints new CEO | Insurance Business

Hamilton appoints new CEO
Hamilton Insurance Group has announced the appointment of Pina Albo as its new chief executive officer.

Pending approval from the Bermuda Department of Immigration, Albo will join Hamilton on Feb. 1. She succeeds Interim Group CEO David Brown, who held the position while Hamilton searched for a permanent replacement after the May departure of Brian Duperreault, who now heads AIG.

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“It’s with great pleasure that we make this announcement today,” Hamilton Chairman William Freda said. “Our search for a new CEO has been robust and thorough, and we were delighted with the very high caliber of candidates we considered. In the final analysis, all of us involved in the search were impressed by what Pina will bring to Hamilton: an accomplished career with extensive experience and contacts in the global insurance and reinsurance markets, a dynamic commitment to change in our industry, and a deep understanding of what we’re building at Hamilton.”

Albo began her career as a lawyer in Toronto, Canada, practicing in real estate, corporate finance and M&A. She then accepted a position at Munich Re. During her 25-year career at the company, Albo held increasingly senior positions, including head of the casualty unit and president of Munich Reinsurance America’s reinsurance division. She most recently served as a member of Munich Re’s board of executive management.

“It’s an honor to be joining Hamilton,” Albo said. I’ve been aware of what the company has been doing over the last four years and its goal of leveraging data science and analytics to transform underwriting. … Hamilton has strong management, committed shareholders and a dedicated board of directors, intent on delivering transformative change for the benefit of all stakeholders. The components of a great company are already in place. I’m keen to join this impressive team.”

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