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Claude Lefebvre, a founding member of Hamilton Re Ltd. and its chief underwriting officer for partnerships and casualty reinsurance, will be leaving the company at the end of March to pursue other interests, the reinsurer said Friday.
Mr. Lefebvre agreed to stay on in his current capacity until the end of March to facilitate an orderly transition, Bermuda-based Hamilton Re said in a statement.
After that, he will remain available to the company during a noncompetition period, according to the statement.
“Claude’s role in founding and building Hamilton Re has been meaningful,” CEO Kathleen Reardon said in the statement. “He was instrumental in assisting us in building a market reputation for superior client service.”
Bermuda reinsurer Hamilton Re Ltd. is continuing its push into the insurance sector with the purchase of the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book.