Hamilton Insurance Group
-
The Bermudian posted 18.5% top line growth in its first year as a public company.
-
Patterson will also serve as chair of the audit committee.
-
The Bermudian booked $6.5mn of cat losses, or 1.8 points on the CoR.
-
Peter Riihiluoma will succeed Richard Sammons, who is set to leave the business.
-
Hamilton is seeing additional opportunities on the casualty reinsurance front as other players pull back, given the loss activity stemming from 2019 and prior years.
-
The executive said that property cat market terms and conditions continue to be favorable, while demand is anticipated to increase in January 1 and throughout 2024.
-
Its combined ratio for the quarter improved nearly 30 points, particularly driven by better performance in its Bermuda segment.
-
As this publication previously reported, the IPO pricing came in under book value but has still narrowed the gap on predecessor Fidelis, listing at 0.9x book value vs Fidelis’ 0.8x.
-
Hamilton’s IPO share price came in at the lower end of historical trends observed amongst insurers that have missed their target range upon listing.
-
The carrier’s $15 per share listing came in below its $16.90 book value per share at the mid-year reporting point, or a 0.9x multiple.
-
The carrier is offering 15 million Class B common shares, according to a registration statement filed with the SEC.
-
Karna has previously served as global chief data officer at Axa XL, while Gauthier is the former chief investment officer of Allied World.
Most Recent
-
Howden: The strategic imperative to add a fourth backer
25 April 2024 -
UIB taps ex-Lockton Re Colombia head Roos Krause as CBO
24 April 2024 -
R&Q secures lenders’ approval for $465mn Accredited sale
24 April 2024 -
Global cyber rates fell 6% in Q1 2024: Marsh
24 April 2024