Hamilton Insurance Group (Hamilton) has announced the appointment of Wilfred Chin (pictured) as its new group chief actuary, a newly created role. He will be reporting to group chief risk officer Alex Baker.
Speaking on Chin’s appointment, Baker pointed out how his new role will be beneficial to the firm.
“As a newly public company, establishing a group chief actuary role signifies our steadfast focus on disciplined risk management and actuarial practices,” said Baker.
“[Chin’s] elevation into this role will help ensure that our operations remain resilient in the face of a rapidly evolving risk landscape,” he added.
Chin began his career as an actuarial analyst at Deloitte & Touche before joining Tokio Marine Kiln as an actuary. After almost 15 years at the firm and taking up the roles of chief actuary TMKI and head of reserving & chief actuary TMKI, he joined Hamilton as a chief actuary at Hamilton Global Specialty.
In his new role, Chin will oversee the reserving and pricing actuarial teams across the firm’s three underwriting platforms, which are Hamilton Global Specialty, the firm’s underwriting platform written by Syndicate 4000 at Lloyd’s and Hamilton Insurance Designated Activity Company, Hamilton Select, its carrier for US excess and surplus lines, and Hamilton Re, the firm’s insurer and reinsurer based in Bermuda.
Chin’s new role took effect on May 1.
Hamilton recently reported a net income of $157.2 million for the first quarter of 2024, as well as a profitability streak in its underwriting operations for the sixth consecutive quarter. AM Best also recently upgraded the firm’s financial strength ratings for Hamilton Re and Hamilton Insurance Designated Activity Company from A- (Excellent) to A (Excellent)
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