Bermuda-based specialty reinsurer Hamilton Insurance Group has appointed Adrian Daws as the new CEO of Hamilton Re as part of several leadership changes.

Daws will succeed Megan Graves in the new role, while Alex Baker will assume Daws’ previous role as CEO of Hamilton Global Specialty.

Megan Graves, who has led Hamilton Re since 2020, will retire from the company on 31 December 2025.

Both appointments are pending regulatory approvals, with Daws’ appointment also subject to immigration clearance.

Daws, who has been with Hamilton since 2015, has more than 25 years of industry experience, having served as the CEO of Hamilton Global Specialty since 2020.

Baker, appointed group chief risk officer in 2022, also brings more than 25 years of insurance sector experience to his new role.

He joined Hamilton in 2016, where he previously held the roles of chief risk officer and chief actuary at Hamilton Global Specialty.

In addition, Tim Duffin has been named group chief underwriting officer (CUO), a newly created position, also pending regulatory approval. He will take on the new responsibility on 1 January 2026.

Duffin, who has been with Hamilton since 2012, has more than 25 years of experience in the insurance space in the Bermuda and London markets.

He served as the CUO of Hamilton Re before his new appointment.

Daws, Baker and Duffin will join the executive management team, reporting to group CEO Pina Albo.

Hamilton Insurance Group board chair David Brown said: “We are fortunate to have such strong and talented individuals on the Hamilton team; employees who are aligned with our strategy and values and who are able to seamlessly step into key roles and continue our forward momentum and success.”

In November, Hamilton Re made headlines for expanding into credit, bond and political risk and appointing Sergio Lottimore as vice-president of the new reinsurance line.