Hamilton Insurance Group
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The insurance group’s CFO says his firm is still eagerly looking out for “the right” deals to pursue, even amid the pandemic. -
His arrival comes as rates surge across the excess casualty market, driven by social inflation in the US.
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Pestcoe previously spent around 18 years at PartnerRe, where he rose to become chief risk and actuarial officer.
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The executive was previously vice president of property and multiline treaty 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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Hamilton said Syndicate 2014 will cease underwriting with immediate effect.
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Wilson’s role will focus on building out the Bermudian’s casualty and specialty reinsurance footprint in the US.
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The launch follows the carrier’s decision earlier this year to put CatCo into run-off.
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The acquisition will allow the business to expand both its insurance and reinsurance operations, CEO Pina Albo said.
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Tony Ursano will formally join Hamilton Insurance Group in September, four months after leaving TigerRisk.
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The deal doubles Hamilton’s total premium base on a pro forma basis to $1.1bn.
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We would like to clarify that Hamilton Insurance Group currently holds an A- FSR rating from AM Best with a stable outlook.
