Brent Slade will join Hamilton Insurance Group next month as the senior vice president of a new business unit, Hamilton Capital Partners, that will be tasked with the development of Hamilton’s “capital management capabilities”.

Slade will join Hamilton on 19 June and will report to Group CFO Jonathan Reiss.

“In today’s evolving market, meeting the needs of our clients presents a host of opportunities for real innovation as far as fully integrated customized solutions are concerned,” said Hamilton CEO Pina Albo.

“Managing capital for third parties is one of these opportunities, and Brent has been at the centre of this burgeoning sector of our industry for almost 15 years. We know his impressive track record will stand us in good stead as we develop Hamilton Capital Partners.”

The move comes as more and more (re)insurers are evolving to manage third-party capital and to share risk with both its own balance sheet and with own-managed funds.

Slade comes to Hamilton after four years with The Horseshoe Group where he was Chief Operating Officer.

Previously, he was a member of the executive committee and Chief Marketing and Capital Markets Officer for the Bermudian reinsurer Flagstone Reinsurance. There he was responsible for capital market initiatives including capital structure transactions, and ILS, cat bond, and sidecar businesses, as well as investor relations and firm-wide marketing.