Hamilton Insurance Group’s Hamilton Re made a number of new underwriting-based leadership changes. AIG has a new general counsel. Hub International’s president is now also its CEO.
Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, made a number of new leadership changes in its underwriting arm.
- Tim Duffin, chief underwriting officer, Property, will take on the newly-created position of chief underwriting officer, Reinsurance. He’ll oversee the strategic growth and development of Hamilton Re’s reinsurance portfolio. As well, he’ll assume management oversight for the organization’s Property, Casualty and Specialty reinsurance lines of business.
- Claude Lefebre is Hamilton Re’s new chief underwriting officer, Partnerships & Casualty Reinsurance. He’ll be tasked with overseeing the development and management of Hamilton Re’s relationships with AIG, and Attune, the technology-enabled platform launched by Hamilton, AIG and Two Sigma. His previous experience includes a three-year stint as head of Casualty Underwriting at Arch Reinsurance in Bermuda, and a period as vice president of CNA Re in Chicago.
- Susan Steinhoff, senior vice president, property, has been promoted to senior vice president, head of Property Reinsurance. Steinhoff now leads Hamilton Re’s Property reinsurance underwriting team.
Hamilton Re CEO Kathleen Reardon said the changes, in part, will help executives “focus on strategic and execution imperatives as we define what it means to be a Tier 1 company in today’s market.”
Lucy Fato is joining American International Group as executive vice president and general counsel, effective October 16.
Fato is currently managing director, Head of the Americas and general counsel at the global investigations firm Nardello & Co. She was also previously vice president, deputy general counsel and corporate secretary at Marsh & McLennan Companies.
In her new role at AIG, Fato will oversee the Global Legal, Compliance, Regulatory and Government Affairs function, and she’ll report directly to AIG President and CEO Brian Duperreault (Duperreault said he worked previously with Fato at Marsh & McLennan). Also, she’ll serve as a member of AIG’s executive leadership team, and she’ll participate in all strategic and policy decisions affecting AIG’s operations.
Fato succeeds Peter Solmssen, who has served as AIG’s general counsel since 2016 and is returning to retirement.
Marc Cohen, president of global insurance broker Hub International, now also “chief executive officer” in his title.
The added CEO title will be effective on Jan. 1, 2018. Additionally, Cohen will be a member of the board of directors. He’ll continue to report to Hub Executive Chairman Martin Hughes
In his role as president and CEO, Cohen will handle financial strategy, including directing organic sales and M&A activity, and focus on delivering innovative products to customers.
Sources: Hamilton Re, AIG, Hub International