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Hamilton Insurance Group, Ltd. (HG) is a global specialty insurance and reinsurance company founded in Bermuda in 2013. The company focuses on delivering sustainable underwriting profitability and significant shareholder value. HG operates through two main segments, International and Bermuda, offering a range of property, casualty, and specialty insurance and reinsurance products globally, supported by proprietary technology and a team of over 550 employees.
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International Segment - Provides property, casualty, and specialty insurance and reinsurance through operations in the United Kingdom, Ireland, and the United States. Includes the Hamilton Global Specialty and Hamilton Select platforms, focusing on medium to large-sized accounts and niche U.S. Excess & Surplus (E&S) markets.
- Hamilton Global Specialty - Offers commercial specialty and casualty insurance, as well as specialty reinsurance products, primarily through Lloyd’s Syndicate 4000 and Hamilton Insurance DAC.
- Hamilton Select - Focuses on casualty insurance for small to mid-sized clients in the U.S. E&S market, targeting hard-to-place risks.
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Bermuda Segment - Provides property, casualty, and specialty reinsurance globally through the Hamilton Re platform. Offers high excess Bermuda market specialty insurance products, primarily for large U.S. commercial risks.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Giuseppina (Pina) Albo ExecutiveBoard | Chief Executive Officer | Board member of Reinsurance Group of America, Chair of the Association of Bermuda Insurers and Reinsurers, Ambassador for the Insurance Supper Club. | CEO of HG since January 2018, previously at Munich Re, recognized for contributions to the insurance industry. | |
Adrian Daws Executive | Chief Executive Officer of Hamilton Global Specialty | None | CEO of Hamilton Global Specialty since 2020, previously at CNA Hardy, extensive underwriting experience. | |
Alex Baker Executive | Group Chief Risk Officer | None | Group Chief Risk Officer since 2022, previously Chief Actuary at Hamilton Global Specialty and Chubb. | |
Anita Kuchma Executive | Chief Executive Officer of Hamilton Select Insurance Inc. | None | CEO of Hamilton Select since 2022, previously at Munich Re America, extensive finance and operations experience. | |
Brian Deegan Executive | Group Chief Accounting Officer | None | Group Chief Accounting Officer since 2021, previously at Tokio Millennium Re and Lancashire Insurance Group. | |
Craig Howie Executive | Group Chief Financial Officer | None | Group CFO since 2021, over 34 years in (re)insurance, previously at Everest Re Group and Munich Re America. | |
Gemma Carreiro Executive | Group General Counsel and Secretary | None | Group General Counsel since 2017, expertise in corporate law and insurance regulatory issues. | |
Jonathan Levenson Executive | Group Treasurer and Head of Investor Relations | None | Joined HG in 2023, extensive experience in investor relations, previously at Everest Re Group and Validus Holdings. | |
Megan Thomas Executive | Chief Executive Officer of Hamilton Re | None | CEO of Hamilton Re since 2020, previously at AXIS Capital and AIG, extensive underwriting experience. | |
Venkat Krishnamoorthy Executive | Group Chief Technology Officer and Group Chief Data Officer | Director on the ACORD board | Joined HG in 2019, extensive experience in technology and data management, previously at Coleman Research and McGraw-Hill. | |
Antonio Ursano, Jr. Board | Director | Managing Partner and Co-Founder of Insurance Advisory Partners LLC. | Director since 2023, previously Group CFO at HG, extensive experience in financial strategy and advisory. | |
Anu (Henna) Karna Board | Director | Board member of Essent Group Ltd.. | Director since 2023, over 25 years of experience in digital/data innovation, previously at Google and AXA XL. | |
David A. Brown Board | Chair of the Board of Directors | Non-Executive Chair of Hamilton Re, Deputy Chair at the Bermuda Stock Exchange, Chair of the Board of Argus Insurance Group, Director of MIAX Pearl Exchange, Chairman of Bermuda Commercial Bank. | Director since 2013, interim CEO roles at HG, extensive leadership in reinsurance and finance. | |
Everard Barclay Simmons Board | Director | Chair and CEO at Rose Investment Limited, Chair of the Bermuda Public Funds Investment Committee, Board Member of Petershill Partners plc, Argus Group Holdings Limited. | Director since 2023, extensive experience in investment banking and law. | |
H. Hawes Bostic, III Board | Director, Chair of the Investment Committee | Partner at Magnitude Capital, Board Member of The In Kind Project. | Director since 2022, expertise in investing and business leadership. | |
John J. Gauthier Board | Director | Principal at JJG Advisory, LLC and Talcott Capital Partners, LLC, Board Member at Reinsurance Group of America, The Hartford Funds, Middlesex (CT) Health Systems. | Director since 2023, extensive financial and business leadership experience, previously at Allied World Assurance Company. | |
Marvin Pestcoe Board | Director, Chair of the Underwriting & Risk Committee | Non-executive Chair of Hamilton Select, Director at Catalina Insurance, Director and member of the Audit Committee of Aisix Solutions. | Director since 2020, over 35 years of experience in insurance, reinsurance, and investments. | |
Russell Fradin Board | Director, Chair of the Compensation and Personnel Committee | Operating Partner at Clayton, Dubilier & Rice, Lead Director of Best Buy, Chair of Tranzact and Capco, Board of Governors of the International Tennis Hall of Fame, President of the Woodridge Lake Conservancy. | Director since 2016, extensive experience in investing and business leadership. | |
Stephen W. Pacala Board | Director | Professor and Director at Princeton University, Member of President Biden’s Council of Advisors on Science and Technology, American Academy of Arts and Sciences, National Academy of Sciences. | Director since 2013, recognized for expertise in climate-related matters. | |
William C. Freda Board | Director, Chair of the Finance and Governance Committee | Director at State Street Corporation, Guardian Life Insurance Company, Bentley University Board of Trustees. | Director since 2014, extensive experience in risk management and client relationships, previously at Deloitte. |
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"Given the increased competition in the London market, particularly in lines like cyber, D&O, and large global property placements, how do you plan to sustain growth and maintain underwriting discipline without sacrificing market share?"
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"With the expense ratio improving for several consecutive years, do you believe there's still room for further reductions, or have you reached a terminal level of efficiency?"
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"The International segment's underlying loss ratio increased to 55.3% this quarter due to business mix and more conservative assumptions on social inflation; is this elevated loss ratio indicative of future run rates, and how do you plan to manage this?"
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"Despite favorable reserve development overall, there was unfavorable casualty reserve development this quarter due to a large loss from Q4 2023; can you elaborate on the causes and implications for your reserve adequacy?"
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"Your growth in the International segment was lower this quarter due to underwriting discipline and pressure on premium in cyber; how do you balance the need for growth with maintaining pricing and underwriting standards in competitive markets?"
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Marsh McLennan | Largest broker distributing insurance and reinsurance products. | All | 24% of total GWP in 2024 ; 41% in Bermuda ; 10% in International. |
Aon | Key broker connecting HG with clients. | All | 17% of total GWP in 2024 ; 30% in Bermuda. |
Arthur J Gallagher | Secondary broker distributing products internationally. | All | 13% of total GWP in 2024 ; 7% in International. |
Recent developments and announcements about HG.
Earnings
New Earnings (Q4 2024)
·Feb 27, 2025, 11:21 PMView full earnings summary →Hamilton Insurance Group posted record FY net income of $400M (+55% YoY), 18.3% ROE, and 24% BVPS growth. Q4 net income slid to $34M from $127M, pushing the combined ratio to 95.4%. Expect $120M–$150M L.A. wildfire impact in Q1 2025.