Kathleen Reardon. *Photo supplied
Kathleen Reardon. *Photo supplied

Kathleen Reardon has been promoted to CEO of Hamilton Re, the Bermuda-based Class 4 property reinsurer of Hamilton Insurance Group.

Brian Duperreault, CEO of Hamilton Insurance Group, made the announcement on Monday, April 28. Mr Duperreault said in a statement: “I’m delighted to announce Kathleen’s well-deserved promotion.
“She is a consummate professional who has earned the respect and admiration of our clients, shareholders and employees 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.”

Ms Reardon, who is a founding member of Hamilton Re’s management team, was chief underwriting officer, Property.  In her new role, Ms. Reardon will lead Hamilton Insurance Group’s Bermuda-based reinsurance business.

She 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. With Brian’s support and Hamilton Re’s expert management and staff, I am confident that we will provide superior value to our clients and shareholders.”

Mr. Duperreault also announced that Tim Duffin, senior vice president, Property, will take over the role of chief underwriting officer, Property, and 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,” said Mr. Duperreault.