Hamilton Insurance Group has named David Brown as interim group CEO following Brian Duperreault’s departure, it was announced earlier this week (15 May).
Concurrently, the carrier appointed William Freda as chairman of the board, with both appointments effective immediately.
Brown has been a Hamilton board member since the company’s inception in 2013 and also serves as chairman of the finance and governance committee, while Freda joined the board of directors in 2014 and chairs the board’s audit committee.
Prior to Hamilton, Brown served as CEO of Bermudian reinsurer Flagstone Re from its inception in 2005 and until its sale to Validus in 2012.
Meanwhile, Freda joined Hamilton after four decades at Deloitte, where he held a number of senior positions.
Speaking on Duperreault’s departure to become AIG’s new president and CEO, Freda described him as “an industry icon with a well-deserved reputation for visionary leadership”.
Nonetheless, he said that his temporary replacement Brown was “an ideal resource to lead Hamilton through this transition”.
“With a superlative management team, and a Board of Directors representing a cross section of disciplines from the insurance, finance and technology industries, we are well-prepared to continue to execute our mission of writing the future of risk,” he added.