Association of Bermuda Insurers and Reinsurers Elects Pina Albo as Chair

The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Pina Albo, CEO of Hamilton Insurance Group, Ltd., as the new chair of the ABIR board.

Ms. Albo, who began her 2-year tenure on January 1, is the first woman chair in ABIR's 30-year history. She succeeds Marc Grandisson, CEO of Arch Capital Group, Ltd.

Other newly elected ABIR officers include Deputy Chair Chris Schaper, group CEO of AIG Re, and Second Deputy Chair Stephen Catlin, chair of Convex Group.

"I look forward to working with the ABIR board and fellow member companies to advance the interests of the Bermuda (re)insurance market," Ms. Albo said in a statement. "Together, we will continue ABIR's proud legacy of leadership in the industry, advocating for insurance markets that are open, soundly regulated, and competitive.

"As I step into the role, I'd like to recognize Marc's invaluable service as ABIR chair over the past two years," Ms. Albo said. "Under Marc's leadership we have advanced many industry issues and he has ensured we are poised to take ABIR's company interests forward."

Ms. Albo, who joined Hamilton as CEO in January 2018, has more than 30 years of experience in the (re)insurance industry. Prior to joining Hamilton, she spent 25 years with Munich Re, during which she held a series of increasingly senior positions, culminating in her role as a member of the executive board of the Munich Re Group.

"The impressive leadership credentials of ABIR's newly elected officers reflects the depth of world-class talent in the Bermuda (re)insurance market," John M. Huff, CEO of ABIR, said in the statement. "As ABIR embarks on its 30th anniversary year, Pina's election as the first woman to serve as ABIR chair is a significant milestone."