Hamilton Re News

Hamilton Launches New Bermuda Special Purpose Insurer Called ‘Ada Re’

Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on behalf of Ada Re, a new Bermudian special purpose insurer. Ada Re has successfully secured capital commitments and, subject to …

Formation of More ‘Class of 2020’ Reinsurers Unlikely

The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was referring …

Hamilton Re Appoints Former AXIS Capital Executive as New CEO

Hamilton Re has named Megan Thomas, a former AXIS Capital and AIG executive, as the company’s new chief executive officer. She succeeds David Brown, the chairman of Hamilton Re who was appointed interim CEO in early August to replace Kathleen …

Hamilton Re CEO Reardon Exits with Brown Named Interim CEO

Hamilton Insurance Group Ltd. announced that David Brown has been appointed interim CEO of Hamilton Re Ltd. It was also announced that Hamilton and Kathleen Reardon, the CEO of Hamilton Re, are parting company. Brown will oversee Hamilton’s Bermuda operations …

Hamilton Rebrands ILS Platform as Hamilton ILS, Promotes Ali as New Lead Executive

Hamilton Insurance Group Ltd. announced its insurance-linked securities (ILS) platform has a new name and a new lead executive. Formerly called Hamilton Capital Partners, the platform is now Hamilton ILS. Hanni Ali moves from his role as senior vice president, …

Hamilton Re Sponsors Issuance of Its First Cat Bond

Hamilton Re has sponsored issuance of its first catastrophe bond. The reinsurance platform of Bermuda-based holding company Hamilton Insurance Group said that the issuance has taken place through its Hamilton Capital Partners business unit. Specifically, the deal is with Cerulean …

Hamilton Re Promotes Ali to Senior Vice President, Risk & Analytics

Hamilton Re, the Bermuda-based insurance and reinsurance platform for Hamilton Insurance Group, announced that Hanni Ali has been promoted to senior vice president, Risk & Analytics. Ali, who joined Hamilton in July 2014, leads the Risk & Analytics function at …

Hamilton Re Taps Hiscox’s Roache as Head of Risk XS

Hamilton Re Ltd., the Bermuda platform for Hamilton Insurance Group, announced that David Roache has joined the company in the position of senior vice president, head of Risk XS. Roache, who will report to reinsurance chief underwriting officer, Tim Duffin, …

Hamilton Re’s Chief Underwriting Officer Lefebvre to Leave Company

Hamilton Re Ltd., the Bermuda platform for Hamilton Insurance Group, announced that Claude Lefebvre, chief underwriting officer, Partnerships & Casualty Reinsurance, will be leaving the company to pursue other interests. Lefebvre, who was a founding member of Hamilton Re, has …

Hamilton Re Raises $65M to Fund Special Purpose Vehicle Turing Re

Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle, Turing Re Ltd., which will provide collateralized capacity for Hamilton Re’s global reinsurance portfolio. Hamilton Re said Turing Re has been funded with $65 …