HAMILTON, Bermuda--(BUSINESS WIRE)--Hamilton Re, the Bermuda-based property casualty reinsurer of Hamilton Insurance Group, today announced that Richard Sammons will be joining the company in the position of Senior Vice President, Specialty.
Reporting to Claude Lefebvre, Chief Underwriting Officer Casualty and Specialty, Mr. Sammons will be responsible for developing Hamilton Re’s specialty book of business on a worldwide basis. He takes up his new position in October.
“I am very pleased to welcome Richard to Hamilton Re,” said Chief Executive Officer Kathleen Reardon. “Given his extensive background in specialty lines, as well as his established broker and client network, I have no doubt that the development of our specialty book is in good hands.”
"I am extremely excited about joining such a dynamic group,” said Mr. Sammons. “Hamilton Re is directed by one of the most impressive boards in the industry and backed by strong and skilled investors. Working with the company’s highly talented team, there’s a real opportunity to continue building on the firm’s value proposition for specialty lines and deliver superior value to shareholders."
Mr. Sammons comes to Hamilton Re after 11 years with QBE Re, most recently as Portfolio Manager with responsibility for all aspects of the aviation, space and personal accident books of business. From 1998 to 2003, Mr. Sammons gained experience as a broker of aviation and space risks, first at Aon and then at Willis Re.
Mr. Sammons holds a Bachelor of Science degree in Maritime Business and Law from the University of Plymouth (United Kingdom).
About Hamilton Insurance Group:
Hamilton Insurance Group leverages analytics and research to create underwriting and investment value for its clients and shareholders. As of March 31, 2014, Hamilton Insurance Group had over $800 million in capital.
About Hamilton Re:
Hamilton Re, a Bermuda-based Class 4 property and casualty reinsurer, is rated “A-“ (Excellent) with a stable outlook by A.M. Best Company, Inc.
Please visit www.hamiltongroup.com for additional information about Hamilton Insurance Group.