Albo takes over as ABIR chair

The Association of Bermuda Insurers and Reinsurers (ABIR) has announced that Pina Albo is its new chair, following the organisation’s biennial election of officers at its recent board meeting.

Albo, chief executive of Hamilton Insurance Group, began her two-year tenure on January 1 and is the first woman to serve as ABIR Chair in its 30-year history. Albo succeeds Marc Grandisson, chief executive of Arch Capital Group, in the role.

Other newly elected ABIR officers are deputy chair Chris Schaper, the group chief executive 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,” Albo said. “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 recognise Marc’s invaluable service as ABIR chair over the past two years. Under Marc’s leadership we have advanced many industry issues and he has ensured we are poised to take ABIR’s company interests forward.”

Albo, who joined Hamilton as chief executive in January 2018, has more than 30 years’ experience in the re/insurance industry. Prior to joining Hamilton, Albo, a lawyer, had a 25-year career 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.