Hamilton Insurance Group has appointed Dwayne Hunt (pictured above) as senior vice president and head of property insurance at Hamilton Re, its Bermuda-based insurance and reinsurance platform, effective immediately.
Hunt succeeds Gavin Davis, who is leaving the company.
He will oversee Hamilton Re’s property insurance business and lead the unit’s underwriting team. He brings 30 years of insurance industry experience to the role.
Read more: Hamilton reports strong Q3
Hamilton Re CEO Adrian Daws said the move recognizes Hunt’s track record at the company. “This is a well-deserved and well-earned appointment. Dwayne has consistently delivered profitable underwriting results, built strong broker relationships and is highly regarded by his colleagues,” Daws said.
Daws added that the promotion demonstrates Hamilton Re’s emphasis on internal succession and organizational flexibility, saying it “reflects our nimble structure and collaborative culture, which enable us to draw on internal succession and drive sustained growth.”
The appointment comes during a period of earnings growth for Hamilton, with the group recently reporting Q3 2025 net income of US$136 million and an annualized return on average equity of 21%.
The Bermuda segment has been a key contributor, as gross premiums written rose to US$698.8 million in the quarter, including a 39.9% increase from Bermuda-based business, alongside share repurchases and higher book value per share.
Hunt’s promotion also follows a wider leadership reshuffle across Bermuda’s reinsurance sector, as documented by the Association of Bermuda Insurers and Reinsurers (ABIR).
ABIR estimates that Bermuda reinsurers account for about 36% of global property/casualty reinsurance net premiums earned, with member gross written premium up 10% in 2024 to more than US$188 billion and total equity at US$178 billion.
