Hamilton Insurance appoints Mike Mulray as CUO at Hamilton Select

PEMBROKE, Bermuda - Hamilton Insurance Group, Ltd. (NYSE:HG), a $2.39 billion market cap insurer showing strong momentum with a 36.83% price return over the past six months, announced the appointment of Mike Mulray as Chief Underwriting Officer at Hamilton Select, its US excess and surplus lines insurer, effective October 20, 2025.

In his new role, Mulray will lead the underwriting operations of Hamilton Select and report to Anita Kuchma, Chief Executive Officer of Hamilton Select.

Mulray brings over 25 years of underwriting experience to the position. He previously spent more than nine years with Everest, most recently serving as EVP and President of North America Insurance. Before that, he was Global Chief Operating Officer at Everest after joining as Chief Underwriting Officer.

Prior to his tenure at Everest, Mulray worked for a decade at General Electric Company in various executive positions with responsibilities in Enterprise Risk Management and Corporate Risk & Insurance. He began his career with Aon, working in various roles in the US and Bermuda markets.

"With over 25 years of underwriting experience and a distinguished reputation in the insurance industry, Mike brings exceptional expertise that will be instrumental in driving our underwriting strategy as we continue to grow our US E&S platform," said Kuchma in the company’s press release.

Hamilton Insurance Group is a Bermuda-headquartered specialty insurance and reinsurance company that operates through three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re. The company’s strong financial position is evidenced by its healthy current ratio of 2.0, indicating solid liquidity. For detailed analysis and additional insights, including 8 more exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Hamilton Insurance Group has reported strong second-quarter earnings, with operating earnings per share of $1.55, surpassing both JMP Securities’ estimate of $1.09 and the consensus forecast of $1.05. This performance was largely attributed to higher-than-expected net investment income of $149 million, driven by returns from the Two Sigma Hamilton Fund. Following these results, JMP Securities raised its price target on Hamilton Insurance Group to $29.00 from $27.00, while maintaining a Market Outperform rating. Similarly, Keefe, Bruyette & Woods increased their price target to $27.00, citing factors such as lower interest expenses and a reduced catastrophe loss ratio.

In addition to financial performance, Hamilton Insurance Group announced the appointment of Russ Buckley as Group Chief Risk Officer, who will soon join the Executive Management team. Meanwhile, HydroGraph Clean Power Inc. appointed Cordell Bennigson to its board of directors. Bennigson is currently the CEO of R2 Wireless U.S. and also serves as a leadership instructor and executive coach. These developments reflect ongoing strategic and leadership changes within the companies.

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