Hamilton Appoints Wilfred Chin as Group Chief Actuary

Rhea-AI Summary

Hamilton Insurance Group (NYSE: HG) has appointed Wilfred Chin as Group Chief Actuary, effective May 1, 2024. Chin, who joined Hamilton in 2023, will oversee reserving and pricing actuarial teams across Hamilton's three underwriting platforms: Hamilton Global Specialty, Hamilton Select, and Hamilton Re. Reporting to Group Chief Risk Officer Alex Baker, Chin's role is a strategic move for Hamilton as a newly public company, emphasizing disciplined risk management. Chin brings extensive experience from his previous tenure at Tokio Marine Kiln and Deloitte. He is a Fellow of the Institute and Faculty of Actuaries.

Positive

• Wilfred Chin's appointment emphasizes Hamilton's focus on disciplined risk management as a newly public company.
• Chin will oversee actuarial teams across three underwriting platforms, enhancing operational efficiency.
• Chin brings extensive experience from his tenure at Tokio Marine Kiln and Deloitte.
• The creation of the Group Chief Actuary role signifies Hamilton's commitment to robust actuarial practices.

Negative

• There may be costs associated with creating and filling a new executive role that could impact short-term financials.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- Hamilton Insurance Group, Ltd. (“Hamilton”; “the Company”) (NYSE: HG) today announced that Wilfred Chin has been appointed to the newly-created role of Group Chief Actuary, effective May 1, 2024, reporting to Alex Baker, Group Chief Risk Officer.

Wilfred Chin, Group Chief Actuary at Hamilton (Photo: Business Wire)

Chin will have groupwide responsibility for reserving and pricing actuarial teams across Hamilton's three underwriting platforms: Hamilton Global Specialty, the Company’s underwriting platform written by Syndicate 4000 at Lloyd’s and Hamilton Insurance DAC; Hamilton Select, its US excess and surplus lines carrier; and Hamilton Re, its Bermuda-based insurer and reinsurer.

“As a newly public company, establishing a Group Chief Actuary role signifies our steadfast focus on disciplined risk management and actuarial practices,” said Baker. “I’m pleased to congratulate Wilfred on his promotion into this critical global position. His elevation into this role will help ensure that our operations remain resilient in the face of a rapidly evolving risk landscape.”

Chin joined Hamilton in 2023 as Chief Actuary at Hamilton Global Specialty. He came to Hamilton from Tokio Marine Kiln (TMK) where he served in a range of roles for nearly 15 years, most recently as Group Head of Reserving and Chief Actuary of their non-Lloyd’s platform, demonstrating his versatility and proficiency in the field. Prior to TMK, he started his career at Deloitte. Chin is a Fellow of the Institute and Faculty of Actuaries.

About Hamilton Insurance Group, Ltd.

Hamilton is a Bermuda-headquartered specialty insurance and reinsurance company that underwrites risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide us with access to diversified and profitable business around the world.

For more about our company, visit www.hamiltongroup.com or find us on LinkedIn at Hamilton.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240513517770/en/

Media contact

Kelly Corday Ferris

kelly.ferris@hamiltongroup.com

Investor contacts

Jon Levenson and Darian Niforatos

investor.relations@hamiltongroup.com

Source: Hamilton Insurance Group, Ltd.

FAQ

Who is the new Group Chief Actuary at Hamilton Insurance Group?

Wilfred Chin has been appointed as the new Group Chief Actuary at Hamilton Insurance Group, starting May 1, 2024.

What are Wilfred Chin's responsibilities as Group Chief Actuary at Hamilton Insurance Group?

Wilfred Chin will oversee reserving and pricing actuarial teams across Hamilton's three underwriting platforms: Hamilton Global Specialty, Hamilton Select, and Hamilton Re.

When does Wilfred Chin start as Group Chief Actuary at Hamilton Insurance Group?

Wilfred Chin will start his role as Group Chief Actuary at Hamilton Insurance Group on May 1, 2024.

What experience does Wilfred Chin bring to his new role at Hamilton Insurance Group?

Wilfred Chin brings extensive experience from his previous roles at Tokio Marine Kiln and Deloitte. He is also a Fellow of the Institute and Faculty of Actuaries.

Why did Hamilton Insurance Group create the Group Chief Actuary role?

The creation of the Group Chief Actuary role is a strategic move by Hamilton Insurance Group to emphasize disciplined risk management and robust actuarial practices as a newly public company.