Hamilton Insurance Group has announced a number of executive shake ups including the departure of Dermot O’Donohoe as chief executive officer (CEO) of Hamilton at Lloyd’s.
O’Donohoe joined the company in 2015 and was responsible for overseeing the acquisition and development of Sportscover Managing Agency and Syndicate 3334. No further departure details have been provided only that it has been agreed O’Donohoe would stay until the definitive agreement with Liberty Mutual was signed earlier this month.
Meanwhile, Hamilton Insurance appointed Peter Barrett, former chairman of Lloyd’s broker, Bell & Clements, to a newly created position of global head, speciality insurance. Barrett will report to Hamilton Group CEO, Pina Albo and will be based in London. He will be responsible for overseeing the integration of Lloyd’s and non-Lloyd’s operations that are being acquired by Liberty Mutual.
As well as Barrett, Christi Garber, former tax director of the Americas at Validus Group, has joined Hamilton insurance to the newly created position of senior vice president (SVP), Tax. Garber will be based in New York and report to Jonathan Reiss, chief financial officer (CFO) and be responsible for all taxation compliance.
Albo comments: “Following the announcement earlier this month of our transformative deal with Liberty Mutual, I’m delighted to welcome Peter Barrett and Christi Garber to the Hamilton team. Their impressive skills and valuable experience are going to be critical as we complete our transaction and plan for the subsequent integration of the operations we’re acquiring.The establishment of these two new positions are key developments in achieving our goal of establishing a leading diversified global specialty insurance and reinsurance company,”
Adding: “Tempering our welcome to Peter and Christi is our regret at losing Dermot. He’s been with Hamilton at Lloyd’s from the beginning and has steered our agency and syndicate with a steady hand. We’re grateful for all that he’s contributed to Hamilton and wish him the very best in his future endeavours.”