Hamilton announces promotion for specialty reinsurance division

Hamilton announces promotion for specialty reinsurance division | Insurance Business Asia

Reinsurance

Hamilton announces promotion for specialty reinsurance division

New senior vice president also recognized as a Fellow of the Casualty Actuarial Society

Reinsurance

By
Kenneth Araullo

Bermuda-based Hamilton Insurance Group has announced the appointment of Peter Riihiluoma as senior vice president, head of specialty reinsurance at Hamilton Re, its underwriting platform.

Riihiluoma’s promotion is part of Hamilton’s strategic succession planning, highlighting the company’s focus on developing and advancing talent from within its ranks. In his new position, Riihiluoma will report directly to Hamilton Re’s chief underwriting officer, Tim Duffin.

According to his LinkedIn, Riihiluoma brings extensive experience to his new role, having previously managed underwriting, pricing, and portfolio management for various specialty reinsurance lines. Before his tenure at Hamilton, he spent nine years at Chubb, where he last served as vice president, ceded reinsurance in Minneapolis, Minnesota. Riihiluoma is also recognized as a Fellow of the Casualty Actuarial Society.

“We are thrilled to announce Peter as our new SVP, head of specialty reinsurance. He has been an integral part of the Hamilton team and his exceptional skills and insightful market awareness make him the perfect fit to be promoted to this leadership role. We are confident Peter will continue to excel in his new capacity,” Hamilton Re CEO Megan Thomas said.

Riihiluoma will assume his new role on January 1, 2024, succeeding Richard Sammons, who is set to depart the organization.

“While we will miss Richard, we respect and support his personal decision to relocate back to the UK later in 2024, and we part on the best of terms. He has been an invaluable member of the Hamilton team, having built the specialty reinsurance practice when he joined nine years ago,” Thomas said.

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