View this article online: https://www.insurancejournal.com/news/international/2021/10/20/638217.htm
Hamilton Insurance Group Ltd. 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 Ltd. “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 its peak peril catastrophe reinsurance underwriting into one hub. Hamilton will also continue to support U.S. regional property reinsurance business through a U.S.-based team.
Hamilton Insurance Group is a Bermuda-headquartered company that underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.
Source: Hamilton Insurance Group