Brian Duperreault News

Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s

Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered into a share purchase agreement to acquire Sportscover Underwriting Limited, a Lloyd’s managing agent which manages Syndicate 3334, and Kinetic …

Hamilton Insurance Buys 2 TIG Insurance Units

Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as non-executive chairman, acquired two units from Prem Watsa’s Fairfax Financial Holdings Ltd. as part of a push into primary coverage. Hamilton acquired Valiant Insurance and Valiant Specialty Insurance, …

Duperreault, Reardon and Deutsch Lead Hamilton Re into the ‘Data Analytics’ Future

If you’re going to successfully operate a relatively new reinsurance company in these troubled times, you better know what you’re doing. Fortunately Bermuda-based Hamilton Re would seem to pass muster. Firstly, it’s not a start-up. Hamilton Re is the successor …

Hamilton Insurance, Eyeing Acquisitions, Adds GCP Capital’s Deutsch

Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as its chairman, hired Bob Deutsch as chief strategy officer to lead an expansion that could include takeovers. Deutsch, a managing director at GCP Capital Partners Holdings LLC, will …

Former Marsh CEO Duperreault in Group Buying SAC Capital Reinsurance Unit

Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …

SAC Capital’s Reinsurer to Be Sold to Investor Group Headed by Duperreault

Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …

Marsh & McLennan Climbs to Post-Spitzer High

Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the company. The broker has rallied 35 percent …

IICF Northeast Division Awards Record Total of Grants

The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday, Dec. 12. The total amount of awarded grants is $960,000. David Brinkman, chair of the IICF Northeast …

MMC’s Duperreault Named Chairman of Federal Advisory Committee

Marsh & McLennan Companies’ CEO Brian Duperreault has been named chairman of the Federal Advisory Committee on Insurance (FACI). His appointment was confirmed last Friday by Federal Insurance Office (FIO) Director Michael McRaith at the committee’s first meeting.FACI was formed …

Nevada Commissioner Blocks Fee on Risk Retention Groups

Nevada Insurance Commissioner Brett Barratt has rejected a proposal to impose fees on risk retention groups (RRGs) that the National Risk Retention Association said would violate the federal Liability Risk Retention Act of 1986 (LRRA). The LRRA, a federal law, …