Hamilton Insurance Group News

A.M. Best Places Credit Ratings of Hamilton Re & Subsidiaries Under Review

A.M. Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit of “a-” of Bermuda-based Hamilton Re Ltd., under review with developing implications. Also under review are Wilmington, Del.-based Hamilton Specialty Insurance Co. and Hamilton …

Hamilton Taps Freda as Chairman, Brown as Interim Group CEO, After Duperreault Resigns

Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that William C. Freda has been appointed to the position of chairman of the board and David …

Hamilton Re Announces Management Team Appointments

Hamilton Re, the Bermuda platform of Hamilton Insurance Group, announced the following appointment and senior role changes in its management team: Minesh Shah has joined Hamilton Re in the newly created role of senior vice president, Actuary. Shah reports to Chief Risk Officer Pete …

Hamilton Re to Buy Canopius’ Excess Casualty Renewal Rights

Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business. The transaction is expected to close mid-year. In addition, Sompo Canopius …

Hamilton Re Names Xuber’s Isaly as SVP, Head of Information Systems

Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced that Matthew Isaly has been appointed to the newly created position of senior vice president, head of Information Systems. Reporting to Chief Financial Officer Vanessa Hardy Pickering, Isaly works with Hamilton Re’s management team …

Hamilton Underwriting Appoints Novae’s Holland as Claims Director

Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Peter Holland as claims director to lead the agency’s claims function. A qualified solicitor, Holland has 26 years of re/insurance experience and joins …

XL Catlin Invests $4M in Insurtech Microinsurance Startup, Stonestep

XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The Series A funding is designed to help Stonestep grow in the …

New Jersey Based Hamilton USA Hires Garceau as Chief Operating Officer

Hamilton USA, the Princeton, N.J., based U.S. insurance arm of Hamilton Insurance Group, a Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, has appointed Michael Garceau to chief operating officer. …

Former XL, AIG Executive Maag Joins Hamilton Insurance as CEO for U.S.

Former American International Group and XL executive Seraina Maag is joining Bermuda-based Hamilton Insurance Group as chief executive officer of Hamilton USA, the insurer’s platform for the U.S. Reporting to Hamilton Chairman and CEO Brian Duperreault, Maag will be responsible …

CFOs Must View Their Companies ‘Holistically’: Hamilton’s CFO Reiss

A successful chief financial officer needs to be collegial, cooperative, highly visible and a strategic thinker who has the ability to view corporate risks holistically, according to Jonathan Reiss, CFO of Bermuda-based Hamilton Insurance Group. In addition to assessing underwriting …