The Bermuda-based Hamilton coverage institution, which operates % reinsurer Hamilton Re and the organisation’s U.S. assets casualty coverage operations Hamilton u.s., introduced that Dermot O’Donohoe, former CEO of Torus’ worldwide Operations, has been appointed to lead the development of Hamilton’s operations at Lloyd’s.
problem to approval from Lloyd’s, the Prudential law Authority and the financial conduct Authority, O’Donohoe will be appointed to the location of chief executive Officer of Sportscover Underwriting constrained, the coping with corporation of Syndicate 3334.
Hamilton stated that upon receiving the approvals it would rename Sportscover as Hamilton Underwriting restricted.
The announcement also explained that “O’Donohoe’s appointment follows Hamilton’s declaration in November 2014 that it had entered right into a proportion purchase agreement with Australian-primarily based Wild Goose Holdings to acquire Sportscover and Kinetic coverage brokers limited, a Lloyd’s insurance broker.”
Hamilton’s CEO Brian Duperreault said: “i'm overjoyed to announce that Dermot could be becoming a member of the Hamilton team. He’s a exceptional underwriter with more than 30 years’ experience within the uk and Europe. for the duration of that time, he profitably led, advanced and grew many strains of business.
“Lloyd’s have an effect on inside the international market can not be overstated. As we’ve previously cited, it's miles critical to the successful implementation of our business method. Dermot has the in-depth understanding of the Lloyd’s and ecu markets that we need to increase our worldwide enterprise, and i’m thrilled we’ve recognized the right man or woman to lead this element of Hamilton’s development.”
O’Donohoe answered that he's “impressed with the manner in which Brian Duperreault and his group have been executing their approach to build a diversified worldwide platform at Hamilton. The group’s emphasis on underwriting income and leading technology deployment will serve our customers and agents properly. I’m commemorated to be becoming a member of this exciting task and contributing to its future achievement.”
O’Donohoe most these days held the position of institution CEO of worldwide area of expertise insurer Torus group, in which he oversaw the a hit transition of Torus’ ownership to Bermuda-based totally Enstar in 2014. He joined Torus in 2009 and, till his departure in mid-2014, held a ramification of executive-level positions, including worldwide Head of forte and CEO of Torus global.
From 1995 to 2009, Mr. O’Donohoe turned into hired at XL group in increasingly senior positions. these protected President and CEO of XL Europe; CEO, XL coverage Co. Ltd.; and CEO, XL London marketplace Ltd., the managing enterprise for Syndicate 1209. He changed into also international Head of distinctiveness, which blanketed the management of XL organization’s global enterprise within the marine, offshore strength, aviation, environmental legal responsibility, first-class art and specie traces of enterprise.
O’Donohoe holds a Bachelor of enterprise research degree from Trinity college, Dublin, eire, and a master of Arts in monetary manage from Dublin town university. he is an accomplice of the Chartered insurance Institute and a member of the advertising and marketing Institute of ireland.