Kathleen Reardon Promoted to CEO, Hamilton Re
Tim Duffin promoted to Chief Underwriting Officer, Property; Claude Lefebvre given expanded role in Casualty and Specialty
HAMILTON, Bermuda, April 28, 2014 – Chief Executive Officer of Hamilton Insurance Group Brian Duperreault today announced that Kathleen Reardon has been promoted to the position of Chief Executive Officer of Hamilton Re, the Group’s Bermuda-based Class 4 property casualty reinsurer.
Ms. Reardon, who is a founding member of Hamilton Re’s management team, was Chief Underwriting Officer, Property. In her new role, Ms. Reardon will lead Hamilton Insurance Group’s Bermuda-based reinsurance business.
“I’m delighted to announce Kathleen’s well-deserved promotion,” said Mr. Duperreault. “She is a consummate professional who has earned the respect and admiration of our clients, shareholders and employees for her astute business acumen, deep industry knowledge and collegial working style. It’s my pleasure to entrust Hamilton Re to Kathleen, and I look forward to working with her as she continues to build on the success of our reinsurance business.”
“It’s a privilege to be given the chance to lead the growth of Hamilton Re as a premier reinsurer,” said Ms. Reardon. “While the current market is challenging, we have built a solid foundation with almost 200 clients. With Brian’s support and Hamilton Re’s expert management and staff, I am confident that we will provide superior value to our clients and shareholders.”
Mr. Duperreault also announced that Tim Duffin, Senior Vice President, Property, will take over the role of Chief Underwriting Officer, Property, and Claude Lefebvre, Chief Underwriting Officer, Casualty, has been given the expanded position of Chief Underwriting Officer, Casualty and Specialty.
“Both Tim and Claude are indicative of Hamilton Re’s significant bench strength and the talented team of underwriters that continues to distinguish this company,” said Mr. Duperreault.
Kathleen Reardon has 20 years of (re)insurance industry experience.
From November 2005 to October 2012, Ms. Reardon served as Chief Underwriting Officer SVP for ACE Tempest Re Bermuda’s International Property Catastrophe reinsurance business. Prior to joining ACE Tempest Re, Ms. Reardon worked from 2000 to 2005 at ACE Financial Solutions International, first as AVP Underwriting and then as VP Underwriting.
Before moving to Bermuda, Ms. Reardon held various actuarial roles at ACE USA following ACE Limited’s acquisition of CIGNA’s P&C business in 1999. She began her career at CIGNA in 1994.
Ms. Reardon is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. She holds a Bachelor’s Degree in Mathematics from Drexel University, Philadelphia, Pennsylvania.
Claude Lefebvre, a qualified actuary with expertise in both underwriting and reinsurance broking, is a member of Hamilton Re’s founding management team. Mr. Lefebvre has over 20 years’ experience in the reinsurance industry, including three years as Head of Casualty Underwriting at Arch Reinsurance in Bermuda and three years as Vice President of CNA Re in Chicago.
Before working at CNA Re, Mr. Lefebvre was Vice President at London Life and Casualty Reinsurance Company in Barbados where he underwrote structured reinsurance. He gained his reinsurance broking experience at Guy Carpenter, both in Canada and in the UK.
Mr. Lefebvre is a Fellow of the Casualty Actuarial Society, a Fellow of the Canadian Institute of Actuaries and a Member of the American Academy of Actuaries. He holds a Bachelor’s Degree in Biochemistry and a Bachelor’s Degree in Actuarial Sciences from Université Laval, Quebec.
Tim Duffin has 17 years’ reinsurance industry experience in the Bermuda and London markets.
From June 2009 until October 2012, Mr. Duffin was a property catastrophe underwriter at Platinum Underwriters Bermuda. From October 1998 to May 2009, he worked as a broker for Aon in London and Bermuda (from September 2004), where he was a part of the global retrocession team.
Mr. Duffin has an ACII designation from The Chartered Insurance Institute and a B.A. in English Literature and Psychology from Oxford Brookes University, Oxford, UK.
About Hamilton Insurance Group:
Hamilton Insurance Group leverages analytics and research to create underwriting and investment value for its clients and shareholders. As of March 31, 2014, Hamilton Insurance Group had over $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.