Sandy Weill has retired as chairman of the board of Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations that underwrite property and casualty risks.
The company said in a statement that, upon his retirement, Mr. Weill will continue to advise the company in a consulting capacity, providing guidance on strategic growth initiatives.
Brian Duperreault will succeed Mr. Weill as chairman. Mr. Duperreault will retain his position as chief executive officer of Hamilton.
Mr. Weill has served as Hamilton's chairman since January 2014, one month after its formation.
“Sandy was instrumental in Hamilton's market launch and, since then, we've benefited greatly from his extensive experience and balanced judgment,” said Mr. Duperreault. “I will always be grateful to him for believing in Hamilton's potential, and look forward to his wisdom and counsel as a consultant to the company.”
Mr. Weill commented, “I have really enjoyed my time as chairman of Hamilton, and I am proud of what we have accomplished together in a short period of time. Today, Hamilton provides the highest quality products and services to our clients while growing value for all stakeholders. I would like to thank my fellow directors and the senior leadership team at Hamilton for all their support and hard work, and I look forward to contributing further to the company's continued success.”
Learn more: http://www.hamiltongroup.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].