Hamilton Insurance Opens New Offices In London
Hamilton Insurance Group — the Bermuda-based holding company for insurance and reinsurance operations that underwrite property and casualty risks on a worldwide basis — has opened new offices in London to support its growth in the Lloyd’s market.
Deputy Premier of Bermuda and Finance Minister Bob Richards will join Group Chairman and CEO Brian Duperreault and Hamilton at Lloyd’s CEO Dermot O’Donohoe later today at a cocktail party to officially open Hamilton’s expanded presence in the Aviva Building on 1 Undershaft.
In April 2015, Hamilton acquired a niche sports underwriting managing agency, renamed Hamilton Underwriting Limited, and Syndicate 3334, in a move to establish a diversified platform at Lloyd’s.
Under the brand Hamilton at Lloyd’s, Syndicate 3334 now writes seven classes of business: Accident and Health, Contingency, Financial Institutions, Property D&F, Professional Indemnity, Space and Treaty Insurance.
[Left to right] Hamilton Group Chairman and CEO Brian Duperreault, Finance Minister Bob Richards, and Hamilton at Lloyd’s CEO Dermot O’Donohoe
In the last 12 months, Chief Executive Officer Dermot O’Donohoe has recruited a highly regarded team of insurance professionals that includes Active Underwriter and Head of Treaty Trevor Carvey, formerly of Markel Europe; Deputy Active Underwriter and Head of Professional Lines Stuart Quinlan, former Head of Specialty at Barbican; and Deputy Active Underwriter and Head of Specialty Adrian Daws, formerly of Hardy.
Mr. O’Donohoe’s expanded executive management team also includes Chief Financial Officer Simon Barrett and Chief Actuary and Chief Risk Officer Alex Baker.
“When we launched Hamilton in December 2013, we had three key objectives,” said Mr. Duperreault.
“These were to develop our acquired reinsurance operations in Bermuda; to establish a platform at Lloyd’s; and to launch an insurance brand in the United States – all of which would leverage the outstanding analytical capabilities of our technology and investment partners, Two Sigma, to create a new way of doing business.
“I am delighted to say that with our new office here at Lloyd’s and the joint venture we announced last week with AIG and Two Sigma, Hamilton will be delivering on all fronts.
“I congratulate Dermot and his team for the impressive progress they’ve made in building a diversified platform at Lloyd’s in such a short space of time. Their new offices are a fitting testament to all they’ve achieved.”
Mr. O’Donohoe noted: “I am most grateful for the hard work of everyone at Hamilton at Lloyd’s. Our 45 employees coordinated multiple work streams in offices designed to accommodate a handful of staff. Working with our partners at Lloyd’s, their efforts resulted in Hamilton at Lloyd’s being fit for purpose and ready to write business as of 1st January, 2016.
“Our staff’s dedication to Hamilton’s vision is the reason we are where we are today, and why I am so optimistic about our future growth prospects.”
