David Roache has joined Hamilton Re in the newly-created position of senior vice-president, head of risk XS.

Mr Roache was previously with Hiscox Re.

Kathleen Reardon, chief executive officer of Hamilton Re, said: “We’re delighted to welcome David to Hamilton Re. His hire is in direct response to our clients’ interest in multiline support. David is client focused and relationship-driven, as we are at Hamilton. Over the years, he’s gained the market’s respect, making him a sought after quoting partner. He’s a great addition to our team.”

Mr Roache joined the industry in 2004 as an actuarial intern at Rosemont Re, before joining Ariel Re the following year. He was one of the original 11 members of Ariel Re, which used Rosemont Re’s infrastructure to establish a new billion-dollar insurance and reinsurance company. He joined Hiscox in 2008 and was promoted to head of risk XS in 2015.

At Hamilton Re, Mr Roache will report to reinsurance chief underwriting officer, Tim Duffin.