Hamilton adds Vaughan and Patterson to Board of Directors

Bermuda re/insurer Hamilton Insurance Group, Ltd. has announced the addition of Dr. Therese Vaughan and Neil Patterson to the company’s Board of Directors, effective March 11, 2024.

At the same time, Hamilton also announced that Pauline Richards, current Chair of the Audit Committee, will retire from its Board of Directors, following a decade of service, also effective March 11, 2024.

Vaughan is a seasoned educator, corporate director, and internationally recognized expert in insurance regulation. She recently served as a director of AIG, and is on the Board of Verisk Analytics, Wellmark Blue Cross and Blue Shield, WestBank, and the Food Bank of Iowa.

She was the CEO of the National Association of Insurance Commissioners and served over 10 years as Iowa Insurance Commissioner—the state’s longest-serving and first female insurance commissioner.

Vaughan represented the US insurance regulatory system internationally, as a member of the Executive Committee of the International Association of Insurance Supervisors and of the steering committing for the US/EU Insurance Dialogue Project.

Patterson, who will also serve as Chair of the Audit Committee, is the retired Chair of the KPMG group of entities in Bermuda.

He spent the majority of his career with KPMG, having joined the firm in 1989, and was a client-facing lead audit partner for over twenty years through his retirement in 2020.

Also based in Bermuda, Patterson served as the Risk Management Partner for two decades, and as the Risk Management Partner for the sub regional firm for fifteen years. He was Office Managing Partner in Bermuda for nine years before taking on the role of Chair.

During his time with KPMG, Patterson served as the Managing Partner of the regional firm The KPMG Islands Group, where he was also a member of the Board of Directors for the European, Middle East and Africa firm. He was also a member of the Global Insurance Advisory Group, a sub-committee of the global board that advises on insurance matters affecting member firms around the world.

Commenting on the appointments, Hamilton Board Chair David A. Brown said: “It is my privilege to extend a warm welcome to our newest Board members. Their expertise and diverse perspectives will be instrumental as we continue to drive value for our clients and shareholders as a newly public company.

“As we celebrate our company’s ten-year anniversary, I extend my heartfelt gratitude to Pauline for her many contributions over the past decade as one of Hamilton’s longest-serving directors.”

Hamilton Chief Executive Officer Pina Albo, said: “I am thrilled to welcome Terri and Neil to our company’s esteemed Board of Directors. Their wealth of experience and keen intellect will further enrich our Board’s already robust discussions and be invaluable as we continue to expand our business and relationships.”

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