Hamilton Insurance Group
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The pricing on the deal has settled below initial guidance at 7.5%. -
The reinsurer is seeking wind and quake coverage on a per-occurrence, weighted industry insured loss basis.
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The agency also affirmed the long-term issuer credit ratings of A- (excellent) on Hamilton Re and Hamilton Insurance Designated Activity Company.
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The carrier will continue to write the business from Bermuda and the US.
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Brad Sforza will join the carrier from a role at PartnerRe.
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Ali will take charge of Hamilton’s future cat bond placements, having been involved in the recent renewal of its sidecar Turing Re.
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Tony Ursano left TigerRisk in May after four years with the company.
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The bond offers protection against certain losses from US named storms and US earthquakes.
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The sidecar was established in 2017 to provide support for Hamilton Re’s reinsurance portfolio.
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The former Horseshoe and Flagstone Re executive will develop the insurer's third-party capital business.
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