Hamilton Announces Property Treaty Reinsurance Consolidation
HAMILTON, Bermuda, October 20, 2021 – Hamilton Insurance Group, Ltd. (“Hamilton”; “the Company”) today announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London.
“We regularly review our book to ensure that we continue to drive underwriting profitability in line with Hamilton’s strategy of building a global, diversified specialty insurance and reinsurance company,” said Adrian Daws, CEO, Hamilton Managing Agency Limited. “This decision allows us to reduce volatility in our Lloyd’s business and focus on writing specialty niche products.”
The Company will continue to write property treaty reinsurance business out of Bermuda, consolidating our peak peril catastrophe reinsurance underwriting into one hub. Hamilton will also continue to support US regional property reinsurance business through a US-based team.
About Hamilton Insurance Group, Ltd.
Hamilton Insurance Group, Ltd. is a Bermuda-headquartered company that underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.
Hamilton leverages analytics and research to create underwriting and investment value for its clients and shareholders. For more information, please visit www.hamiltongroup.com.
Twitter: @HamiltonInsures | LinkedIn: Hamilton Insurance Group.
Contact:
Kelly Ferris
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+1 (441) 405-5271
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