Kathleen Reardon has been promoted to the position of Chief Executive Officer of Hamilton Re, Hamilton Insurance Group’s Bermuda-based Class 4 property/casualty reinsurer, according to a group announcement released on Monday.
Reardon, who is a founding member of Hamilton Re’s management team, was previously Chief Underwriting Officer, Property. In her new role, she will lead Hamilton Insurance Group’s Bermuda-based reinsurance business.
Reardon has 20 years of industry experience.
From November 2005 to October 2012, she served as Chief Underwriting Officer SVP for ACE Tempest Re Bermuda’s International Property Catastrophe reinsurance business.
Prior to joining ACE Tempest Re, she worked from 2000 to 2005 at ACE Financial Solutions International, first as AVP Underwriting and then as VP Underwriting.
Before moving to Bermuda, Reardon held various actuarial roles at ACE USA following ACE Limited’s acquisition of CIGNA’s P/C business in 1999.
A Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries, she began her career at CIGNA in 1994.
In a statement, Hamilton Insurance Group CEO Brian Duperreault praised Reardon for her “astute business acumen, deep industry knowledge and collegial working style.”
“It’s my pleasure to entrust Hamilton Re to Kathleen, and I look forward to working with her as she continues to build on the success of our reinsurance business,” he said.
Reardon said: “It’s a privilege to be given the chance to lead the growth of Hamilton Re as a premier reinsurer.”
“While the current market is challenging, we have built a solid foundation with almost 200 clients,” she reported.
Duperreault also announced that Tim Duffin, Senior Vice President, Property, would take over Reardon’s prior role as Chief Underwriting Officer, Property, and that Claude Lefebvre, Chief Underwriting Officer, Casualty, has been given the expanded position of Chief Underwriting Officer, Casualty and Specialty.
“Both Tim and Claude are indicative of Hamilton Re’s significant bench strength and the talented team of underwriters that continues to distinguish this company,” Duperreault said.
Duffin has 17 years’ reinsurance industry experience in the Bermuda and London markets.
From June 2009 until October 2012, he was a property-catastrophe underwriter at Platinum Underwriters Bermuda.
From October 1998 to May 2009, he worked as a broker for Aon in London and Bermuda (from September 2004), where he was a part of the global retrocession team.
Duffin has an ACII designation from The Chartered Insurance Institute.
Lefebvre, a qualified actuary with expertise in both underwriting and reinsurance broking, is a member of Hamilton Re’s founding management team.
Lefebvre has over 20 years’ experience in the reinsurance industry, including three years as Head of Casualty Underwriting at Arch Reinsurance in Bermuda and three years as Vice President of CNA Re in Chicago.
Before working at CNA Re, he was Vice President at London Life and Casualty Reinsurance Company in Barbados where he underwrote structured reinsurance.
He gained his reinsurance broking experience at Guy Carpenter, both in Canada and in the UK.
Like Reardon, Lefebvre is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. He is also a Fellow of the Canadian Institute of Actuaries.
Source: Hamilton Insurance Group