Pembroke Managing Agency News

Hamilton Insurance Places Lloyd’s Syndicate Acappella Into Runoff

Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd’s syndicate included in Hamilton’s acquisition in August of Liberty Mutual’s Pembroke Managing Agency Limited (now Hamilton Insurance UK Limited). Acappella …

Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product

Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency Ltd. and the development of a new cyber product. Pembroke’s four-person cyber team is led by divisional director Jacqueline Spencer-Sim. …

Hamilton to Double in Size with Completed Acquisition of Pembroke Managing Agency

Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual’s Pembroke Managing Agency at Lloyd’s and its Ironshore Europe DAC business. The acquisition, first announced in mid-March, will double the premium volume and size of Hamilton, a Bermuda-based …

The Strategy Behind Hamilton Insurance’s Move to Buy Pembroke, Ironshore Europe

Strategy plus some remarkably good timing helped lead to Hamilton Insurance Group’s first acquisition deal under the leadership of CEO Pina Albo. On March 14, Hamilton announced it would acquire Liberty Mutual’s Pembroke Managing Agency at Lloyd’s and its Ironshore …

Hamilton to Buy Pembroke Managing Agency, Ironshore Europe DAC from Liberty Mutual

Hamilton Insurance Group Ltd., the Bermuda-based holding company of re/insurance operations in Bermuda and at Lloyd’s, announced it has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency Ltd. platform at Lloyd’s and Ironshore Europe …

Liberty Mutual Boosted Q4, 2018 Profit Helped by Lower Catastrophe Losses

Liberty Mutual Holding Co. and its subsidiaries reported net income of $249 million for the fourth quarter 2018 and $2.160 billion for the full year 2018, increases of $44 million and $2.143 billion over the same periods in 2017. Catastrophe …

Aon Policy Provides Financial Support to Terrorist Victims

Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial support to individuals affected by a terrorist attack on a company’s premises or owned space. As the focus of terrorist …

Pembroke Managing Agency Gets Nod to Manage Lloyd’s Syndicate for India’s GIC Re

Pembroke Managing Agency Ltd., the London-based subsidiary of Ironshore, has been granted approval by Lloyd’s to establish and manage a syndicate for India’s GIC Re. GIC Syndicate 1947 has been granted permission to underwrite business, attaching on or after April …

Ironshore’s Pembroke Agency & GIC Re Get Nod from Lloyd’s to Form Syndicate

Ironshore Inc. announced that its Pembroke Managing Agency has been granted “in principle” approval by the Lloyd’s Franchise Board to create GIC Re’s syndicate at Lloyd’s. “The combination of Pembroke’s specialty lines underwriting capability and GIC Re’s regional expertise will …

Ironshore’s Pembroke Agency Launches Project Cargo Consortium for Lloyd’s China Platform

Ironshore’s Pembroke Managing Agency Ltd. has launched a Project Cargo Consortium to serve the Lloyd’s China platform, offering capacity limits of up to US$178 million. Pembroke Lloyd’s Syndicate 4000 offers dedicated coverage for risk exposure and consequential loss related to …