Hamilton Insurance DAC Appoints Ross Reynolds as Chief Executive Officer

Rhea-AI Summary

Hamilton Insurance DAC has appointed Ross Reynolds as its new Chief Executive Officer, pending regulatory approval. Reynolds will succeed Fiona Marry and report to Adrian Daws, CEO of Hamilton Global Specialty. Based in Dublin, Reynolds will also join the Hamilton Insurance DAC Board. With a tenure at Hamilton since 2014, Reynolds has held significant roles, including Global Head of Operations and Global Head of FP&A. Additionally, Matthew Saunders will step in as interim Chief Underwriting Officer, subject to regulatory approval, reporting to Reynolds.

Positive

• Ross Reynolds appointed as CEO, bringing extensive experience and a strong leadership track record.
• Reynolds will join the Hamilton Insurance DAC Board, possibly bringing strategic insights.
• Matthew Saunders appointed as interim Chief Underwriting Officer, providing continuity during the transition.

Negative

• Fiona Marry's departure could signify potential instability or internal changes.
• Regulatory approval pending for both appointments, creating uncertainty until confirmed.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- Hamilton Insurance DAC, the designated activity company of Hamilton Insurance Group, Ltd. (“Hamilton” or “the Company”) (NYSE: HG) registered in Ireland and regulated by the Central Bank of Ireland, today announced that Ross Reynolds has been appointed as Chief Executive Officer, subject to regulatory approval. Reynolds replaces Fiona Marry who will be departing from the Company.

Ross Reynolds, CEO, Hamilton Insurance DAC (Photo: Business Wire)

Reynolds is based in Dublin and will report to Adrian Daws, Chief Executive Officer of Hamilton Global Specialty. Reynolds will also join the Hamilton Insurance DAC Board.

“I am very pleased to congratulate Ross on his promotion to CEO of Hamilton Insurance DAC,” said Daws. “He brings extensive experience and a strong track record of leadership and operational excellence. Having worked closely with Ross, I have full confidence in his ability to lead our Dublin based team.

“My gratitude goes to Fiona for her dedication to the industry and whose efforts have been instrumental in Hamilton Insurance DAC’s strong foundation. I wish her all the best in her future endeavors.”

At the same time and subject to regulatory approval, Matthew Saunders has been appointed, on an interim basis, as Chief Underwriting Officer of Hamilton Insurance DAC, reporting to Reynolds.

Reynolds has been with Hamilton since 2014, having joined during the Company’s 2019 acquisition of Ironshore Europe DAC. At Hamilton, he most recently served as Global Head of Operations from 2021 and, before that, Global Head of FP&A from 2019. Before Ironshore, Reynolds started his career with Irish Progressive Services International, followed by Zurich Insurance Company. Ross is a Fellow of the Association of Chartered Accountants.

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 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/20240611943670/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 CEO of Hamilton Insurance DAC?

Ross Reynolds has been appointed as the new CEO of Hamilton Insurance DAC, pending regulatory approval.

When was Ross Reynolds appointed as CEO of Hamilton Insurance DAC?

The appointment of Ross Reynolds as CEO was announced in the press release dated June 11, 2023.

What previous roles did Ross Reynolds hold at Hamilton Insurance?

Ross Reynolds previously served as Global Head of Operations and Global Head of FP&A at Hamilton Insurance.

Who will replace Ross Reynolds as Chief Underwriting Officer?

Matthew Saunders has been appointed as interim Chief Underwriting Officer, subject to regulatory approval.

What will Ross Reynolds' responsibilities be as CEO?

As CEO, Ross Reynolds will lead Hamilton Insurance DAC and report to Adrian Daws, CEO of Hamilton Global Specialty.