Former Citigroup Chairman and Chief Executive Sanford I. “Sandy” Weill will serve as chairman of Hamilton Insurance Group, Ltd., which recently purchased SAC Re and renamed it Hamilton Re.
Former Marsh & McLennan Companies CEO Brian Duperreault led the group of investors that purchased SAC Re last month from billionaire trader Steven A. Cohen's SAC Capital Advisors and rebranded it.
SAC pleaded guilty in November to insider trading, accepting responsibility for criminal behavior by at least six of its employees, according to Reuters.
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