Hamilton Insurance Group
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The syndicate joins a growing list of carriers to exit the challenged line of business.
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The Hamilton Insurance Group CEO cautioned against dealmaking as a panacea.
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Hamilton plans a reinsurer to serve a $40bn ceded premiums market in the US.
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The company looks to address a tax issue faced by its major backers without a strategic pivot.
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The billionaire co-founders of Two Sigma are looking to avoid falling foul of stricter US tax rules.
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Lee-Amies led marine and energy treaty for Chubb Tempest Re.
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The Hamilton CEO said more out-of-sector relationships are vital for incumbents.
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Analysis from this publication finds 16 syndicates failed to make an underwriting profit for three years, landing them on the Lloyd's watch list.
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The unit will involve managing capital for third parties.
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