Hamilton Insurance Group unveils executive shake-up

There will be some big changes up top at Hamilton Insurance Group. First off, the holding company for insurance and reinsurance operations in Bermuda and at Lloyd’s announced that Hamilton at Lloyd’s chief executive Dermot O’Donohoe, who came onboard in 2015, is leaving the post following an ‘enjoyable’ stint. No further details of the departure have been provided, only that the CEO agreed to stay until the definitive agreement with Liberty Mutual was signed. Hamilton is purchasing, among others, Liberty Mutual’s Pembroke Managing Agency Limited and Ironshore Europe DAC. The signing was revealed on March 14. In line with the developments, two senior roles have been created. One of them will be filled by Peter Barrett (pictured), former chairman of Lloyd’s insurance broker Bell & Clements. Based in London, Barrett will serve as global head of specialty insurance and will be in charge of overseeing the integration of the Lloyd’s and non-Lloyd’s operations that are being snapped up from Liberty Mutual.