Hamilton Insurance Group
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D&O and D&F are also facing increased competition, but property remains price adequate. -
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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The Bermudian booked net favorable reserve development of $1.6mn.
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The specialty treaty market is preparing to deal with the fallout from the Baltimore bridge disaster.
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These cedants could offer the firm access to support their casualty and specialty lines as well.
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The bridge collapse added 9.8 points to the consolidated quarterly CoR.
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The ratings agency flagged the “increasingly favourable” underwriting results.
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The executive is replacing Chad Cundliffe, who is retiring from the company.
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The Bermudian posted 18.5% top line growth in its first year as a public company.
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Patterson will also serve as chair of the audit committee.
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The Bermudian booked $6.5mn of cat losses, or 1.8 points on the CoR.
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