Sanford Weill To Chair Hamilton Re Board
Hamilton Insurance Group, Ltd. — the holding company for Bermuda-based Class 4 property and casualty reinsurer Hamilton Re — announced that veteran financier Sanford I. “Sandy” Weill will serve as Chairman of the group’s Board of Directors.
“Sandy Weill [pictured] 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.”
Mr Weill, the former CEO of Citigroup, is well known for his philanthropic efforts, donating to various causes including a $100 million donation to Weill Cornell Medical College late last year.
As of December 31, 2013, Hamilton Insurance Group had approximately $800 million in capitalization.
