Hamilton Insurance Group, Ltd. Announces Sandy Weill as Chairman of the Board
Hamilton Insurance Group, Ltd., the holding company for Bermuda-based Class 4 property and casualty reinsurer Hamilton Re, today announced that veteran financier Sanford I. “Sandy” Weill will serve as Chairman of the group’s Board of Directors.
“Sandy Weill is an icon in the financial services sector, someone who has been at the forefront of change throughout his career,” said Hamilton President and Chief Executive Officer Brian Duperreault. “Under his leadership, and with our forward-thinking management team, I have no doubt that our goal of establishing a leading insurance and reinsurance business will be realized. It’s an honor to serve with Sandy.”
“I think it is rare to have an opportunity to be involved with people who have an exemplary record in what is necessary to run a successful insurance company,” said Mr. Weill. “Brian Duperreault has run businesses very successfully in all parts of the insurance industry from Marsh & McLennan, to the ACE Group in Bermuda, as well as his long stint at AIG. Brian’s teaming up with Two Sigma marries insurance expertise with an outstanding record of investment expertise, a combination that I believe will work well together, and I look forward to working with the Board on the opportunities and challenges that lie ahead.”
About Hamilton Insurance Group:
Hamilton Insurance Group leverages analytics and research to create underwriting and investment value for its clients and shareholders. As of December 31, 2013, Hamilton Insurance Group had approximately $800 million in capital.
About Hamilton Re:
Hamilton Re, a Bermuda-based Class 4 property and casualty reinsurer, is rated “A-“ (Excellent) with a stable outlook by A.M. Best Company, Inc.