Hamilton Insurance Appoints David Brown
Hamilton Insurance Group, Ltd. announced that David A. Brown, a long-standing member of the Hamilton Board of Directors, has been appointed to the role of Chair, effective May 15, 2023.
A spokesperson said, “Current Board Chair, Bill Freda, who has served on the Board for nine years, the last six years as Chair, will continue to serve on the Board as a Non-Executive Director.”
“I feel very privileged to take on this role, having been with Hamilton since inception nearly ten years ago,” said Brown. “I look forward to continuing to guide the Hamilton executive team alongside Bill and the other esteemed Directors.”
Freda added, “I have every confidence in David as Board Chair. As a highly respected and thoughtful insurance industry leader, he is the ideal person to move into this position. I remain committed to the long-term success of Hamilton and look forward to continuing my involvement as a member of its Board.”
Pina Albo, Hamilton CEO, said, “We are delighted to have David assume the role of Chair and pleased Bill will remain on the Board as we continue to execute our strategy of building a global, diversified specialty insurance and reinsurance company.”
The spokesperson said, “David A. Brown has been a Director on the Hamilton Board for nearly ten years during which time he also briefly served the Company as Interim Group CEO and Interim Bermuda CEO. Brown was Founder and served as Chief Executive Officer of Flagstone Reinsurance Holdings Ltd. from its foundation in October 2005 until November 2012. He previously served as Chief Executive of Centre Solutions from 1994 until 1997. Before joining Centre Solutions, he was a Partner with EY. Brown is Deputy Chair of the Board of the Bermuda Stock Exchange having served for 20 years as Chair, and Chair of Argus Group Holdings Limited and Bermuda Commercial Bank.
“Bill Freda has served on the Hamilton Board for nine years, the last six years as Chair, and brings key insight and perspective on risk management, international expansion and client relationships gained through his extensive experience interacting with audit committees, boards of directors and senior management. As senior partner and vice chair of Deloitte, LLP, Freda served Deloitte’s most significant clients and maintained key relationships, acting as a strategic liaison to the marketplace as well as to professional and community organizations.
“He joined Deloitte in 1974 and built a distinguished record of service during his 40-year career, having served on a wide range of multinational engagements for many of Deloitte’s largest and most strategic clients. Freda’s many senior positions at Deloitte included Chair of the Risk Committee and the Audit Committee of Deloitte Touche Tohmatsu Limited’s Board of Directors, Managing Partner of Deloitte’s US Client Initiatives, and member of the US Executive Committee. He is a member of the Board of Directors of Guardian Life Insurance Company and State Street Corporation.”
