David A. Brown has been appointed to the role of chairman of the board of directors at Hamilton Insurance Group Ltd, the Bermudian-headquartered global specialty re/insurer.

Mr Brown, a longstanding member of the board, succeeds Bill Freda in the post.

Mr Freda, who has served on the board for nine years, the last six as chairman, will remain on the board as a non-executive director.

Mr Brown said: “I feel very privileged to take on this role, having been with Hamilton since inception nearly ten years ago.

“I look forward to continuing to guide the Hamilton executive team alongside Bill and the other esteemed directors.”

Mr Freda added: “I have every confidence in David as board chair. As a highly respected and thoughtful insurance industry leader, he is the ideal person to move into this position. I remain committed to the long-term success of Hamilton and look forward to continuing my involvement as a member of its board.”

Pina Albo, Hamilton chief executive, said: “We are delighted to have David assume the role of chair and pleased Bill will remain on the board as we continue to execute our strategy of building a global, diversified specialty insurance and reinsurance company.”

Mr Brown has also briefly served the company as interim group CEO and interim Bermuda CEO.

He is deputy chairman of the board of the Bermuda Stock Exchange, having served for 20 years as chairman, and is chairman of Argus Group Holdings Limited and Bermuda Commercial Bank.

Mr Freda is a member of the board of directors of Guardian Life Insurance Company and State Street Corporation.