Hamilton Announces Key Leadership Transition: Peter Riihiluoma Appointed to Senior Vice President, Head of Specialty Reinsurance
HAMILTON, Bermuda, December 19, 2023 – Hamilton Insurance Group, Ltd. (NYSE: HG; “Hamilton” or “the Company”) today announced the appointment of Peter Riihiluoma as Senior Vice President, Head of Specialty Reinsurance at Hamilton Re, the Company’s Bermuda-based insurance and reinsurance underwriting platform, replacing Richard Sammons who will be leaving the organization.
This comes as part of Hamilton’s strategic succession planning, demonstrating the Company’s commitment to recognizing and nurturing exceptional talent within its team. Riihiluoma’s appointment is effective January 1, 2024 and he will report to Hamilton Re Chief Underwriting Officer Tim Duffin.
Reflecting on the transition, Hamilton Re Chief Executive Officer Megan Thomas, said, “We are thrilled to announce Peter as our new SVP, Head of Specialty Reinsurance. He has been an integral part of the Hamilton team and his exceptional skills and insightful market awareness make him the perfect fit to be promoted to this leadership role. We are confident Peter will continue to excel in his new capacity.
“While we will miss Richard, we respect and support his personal decision to relocate back to the UK later in 2024, and we part on the best of terms. He has been an invaluable member of the Hamilton team, having built the Specialty Reinsurance practice when he joined nine years ago.”
Riihiluoma has held underwriting, pricing and portfolio management responsibilities across a diverse portfolio of specialty reinsurance lines since joining Hamilton in 2019 as Vice President, Specialty Reinsurance. Prior to Hamilton, he was with Chubb for nine years, most recently as Vice President, Ceded Reinsurance in Minneapolis, Minnesota. Riihiluoma is a Fellow of the Casualty Actuarial Society.
About Hamilton Insurance Group, Ltd.
Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-headquartered company that underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.
For more information about Hamilton Insurance Group, visit our website at www.hamiltongroup.com or on LinkedIn at Hamilton.
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