Hamilton Underwriting Limited, the Lloyd's managing agency of Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations that underwrite property and casualty risks in Bermuda, has appointed Alex Baker to the position of chief actuary and chief risk officer.
Reporting to CEO Dermot O'Donohoe, and working closely with Group Chief Risk Officer Peter Skerlj, Baker is a key member of the managing agency's executive team. As such, he is responsible for the development of pricing strategies and models, actuarial financial analyses and forecasts, and supporting the Hamilton Underwriting Limited Board in achieving its risk, strategy and capital management objectives.
The appointment is subject to approval and final confirmation by the Prudential Regulation Authority (PRA).
Prior to assuming his new position, Baker was chief actuary of Chubb Managing Agent Limited (CMAL), where he was responsible for all actuarial work for the Lloyd's Syndicate 1882 and held "Approved Person" status from the PRA of the Bank of England. He served as a Capital Modelling Actuary from May 2011 to June 2013 with Chubb Insurance Company of Europe and CMAL. Baker was a key contributor to Syndicate 1882's internal model approval process under Solvency II.
Previously, he spent two years with Chaucer Syndicates as a capital modelling actuary, in which his role included service on the Syndicate managing boards for two Lloyd's syndicates. Prior to joining Chaucer, he was a senior consultant at PwC for six years.