Hamilton

Hamilton Re casualty SVP Chan exits for Lancashire

Liam Chan has left his position of senior vice president for casualty and specialty at Hamilton Re and is set to join Lancashire Holdings, The Insurer can reveal.

R&Q pens £60mn LPT with Hamilton Syndicate 3334

Legacy specialist R&Q has sealed a deal with Bermudian carrier Hamilton for a £60mn ($74.5mn) loss portfolio transfer (LPT) of its Lloyd’s syndicate 3334, The Insurer can reveal.

Acquisitions, restructuring and ADC edge Hamilton closer to illusive u/w profit

Hamilton Insurance Group’s poor underwriting results could “improve significantly” following its acquisitions last year of businesses with better underwriting pedigree while its casualty portfolio has secured some extra protection via a new adverse development cover, according to AM Best.

Hamilton hires head of excess casualty for Lloyd’s business

Hamilton’s Syndicate 4000 has brought in Fergus Fergusson as divisional head of its excess casualty offering, with the new arrival joining the business after nine years with Aspen.

Hamilton takes PartnerRe’s Sforza for US property reinsurance leader

Bermuda-headquartered carrier Hamilton has appointed Brad Sforza as senior vice president and head of property reinsurance for its recently established US reinsurance platform.

Hamilton Syndicate 3334 seeking £60mn LPT

Bermudian carrier Hamilton is understood to be negotiating a £60mn ($78.1mn) loss portfolio transfer (LPT) of its Lloyd’s syndicate 3334, The Insurer can reveal.

Hamilton announces lead executive for renamed ILS platform

Hamilton Insurance Group has announced that its insurance-linked securities platform has been renamed Hamilton ILS, with Hanni Ali taking the new role of senior vice president, strategic partnerships.

Acappella 2014 becomes third November Lloyd’s syndicate closure

Acappella’s Syndicate 2014 has become the third syndicate at Lloyd’s this month to confirm it is going into run-off following its acquisition earlier this year by the Bermudian (re)insurance group, Hamilton.

Hamilton to leverage technology across underwriting platform

Two Sigma-backed Hamilton Insurance Group is looking to apply greater technology and data science to underwriting across its platform, according to recently appointed CFO Tony Ursano.

Pembroke lets go of PA head McLean following drink-related incident

Pembroke Syndicate’s head of personal accident, Marc McLean – who had been temporarily suspended from Lloyd’s of London following an alcohol-fuelled incident that led to a complaint – has subsequently been let go by the syndicate, The Insurer can reveal.

Hamilton takes Third Point Re’s Wilson to lead US casualty & specialty reinsurance

Bermuda-headquartered Hamilton has appointed Steve Wilson senior vice president, head of casualty and specialty for its new US reinsurance platform.

Ironshore Europe downgraded to align with Hamilton’s ratings

AM Best has removed from under review and downgraded the financial strength rating to A- from A and the long-term issuer credit rating to “a-” from “a” of Ironshore Europe Designated Activity Company.

Greenlight Re garners interest for live transaction

Greenlight Re is drawing approaches from potential buyers thought to include Topsail Re and Sirius that are interested in pursuing a live transaction that would keep the hedge fund reinsurer from going into run-off, The Insurer can reveal.

Ursano appointment signals more deals at Hamilton

Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.

Ursano named Hamilton CFO as Pembroke-Ironshore Europe deal closes

Former TigerRisk president and Willis Capital Markets & Advisory CEO Tony Ursano has re-emerged in the industry as group CFO of Hamilton Insurance Group.

Hamilton names Krishnamoorthy chief technology officer

Bermudian (re)insurer Hamilton has hired Venkat Krishnamoorthy to assume the newly-established position of chief technology officer (CTO), as the group looks to boost efficiency and bottom-line performance.

Hamilton Re secures $60mn cover with Easton cat bond

Hamilton Re has sponsored its debut cat bond with $60mn Easton 2019-1 issued by its Cerulean Re vehicle.

AM Best: Hamilton Re needs an underwriting profit in next two years

If Hamilton Re does not break even on underwriting within two years its critical A- (excellent) AM Best rating may come under negative pressure, the ratings agency has warned.

Hamilton Re renews $65mn Turing Re sidecar

Hamilton Re has secured $65mn of collateralized capacity from its Turing Re sidecar through the issuance of preference shares.

O’Donohoe leaves Hamilton; Barrett takes new specialty role

Hamilton at Lloyd’s CEO Dermot O’Donohoe is leaving the carrier just weeks after its Bermudian parent announced it had agreed a deal to buy Pembroke and other operations from Liberty Mutual.

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