Hamilton Insurance Group
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Hamilton also expects rising demand and stable supply for 1 June renewals. -
Hamilton reported $150.5mn of net cat losses, partially offset by $9.2mn favourable prior year development.
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The underwriter is taking on a role with Cipriani and Werner.
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Sinead Cormican has served as deputy underwriter for the past four years.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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Cat losses in the quarter totalled $49.1mn, net of reinsurance, of which $37.8mn was from Milton.
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Aon is in hiring mode following the departure of several senior brokers to Howden Re.
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The new offerings will be part of the specialty reinsurance portfolio.
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Syndicate 1947 is understood to have served notice to Hamilton in recent weeks.
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D&O and D&F are also facing increased competition, but property remains price adequate.
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Hamilton reported a $30mn-$70mn net estimate for Hurricane Milton losses.
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Albo cited rate increases, improved terms and conditions and line size management among cedants.
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