Hamilton Insurance Group, Ltd. (Hamilton Group) operates as a global specialty insurance and reinsurance company. The company operates globally, with underwriting operations in London, Dublin, Bermuda and across the United States.
The company operates three principal underwriting platforms (Hamilton Global Specialty, Hamilton Select and Hamilton Re) that are categorized into two reporting business segments (International and Bermuda):
International
The company’s International segment consists...
Hamilton Insurance Group, Ltd. (Hamilton Group) operates as a global specialty insurance and reinsurance company. The company operates globally, with underwriting operations in London, Dublin, Bermuda and across the United States.
The company operates three principal underwriting platforms (Hamilton Global Specialty, Hamilton Select and Hamilton Re) that are categorized into two reporting business segments (International and Bermuda):
International
The company’s International segment consists of business written out of the company’s Lloyd’s syndicate and subsidiaries based in the United Kingdom, Ireland, and the United States; and includes the Hamilton Global Specialty and Hamilton Select platforms.
Hamilton Global Specialty focuses predominantly on commercial specialty and casualty insurance for medium to large-sized accounts and specialty reinsurance products written by Lloyd’s Syndicate 4000 and Hamilton Insurance DAC (HIDAC). Syndicate 4000, a leading Lloyd’s syndicate, generates a significant portion of premium from the U.S. Excess & Surplus (U.S. E&S) market.
Hamilton Select, the company’s U.S. domestic E&S carrier, writes casualty insurance for small to mid-sized clients in the hard-to-place niche of the U.S. E&S market. It presents meaningful and profitable growth opportunities in the near-to-long term, further expanding the company’s footprint in the U.S. E&S market.
Bermuda
The company’s Bermuda segment consists of the Hamilton Re platform, made up of Hamilton Re and Hamilton Re US. Hamilton Re writes property, casualty and specialty reinsurance business on a global basis and also offers high excess Bermuda market specialty insurance products, predominantly for large U.S. commercial risks. Hamilton Re US writes casualty and specialty reinsurance business on a global basis.
Strategy
The company is a global specialty insurance and reinsurance company enhanced by data and technology, focused on producing sustainable underwriting profitability and delivering significant shareholder value.
One of the company’s key strategic priorities is to produce sustainable underwriting profitability across the business it writes. The company’s strategy is to pursue disciplined and opportunistic growth of Hamilton platforms.
The company accesses the attractive U.S. E&S market via all three of its underwriting platforms.
Hamilton Global Specialty writes U.S. E&S business on both its Lloyd’s and HIDAC platforms. It is an established specialty insurance market with specialized underwriting talent and strong broker and client relationships across the casualty, specialty and property insurance lines, and is well positioned for growth in this market.
Hamilton Re is both an insurer and reinsurer of U.S. E&S insurance business, positioning this platform well for growth, given the strong market conditions.
Hamilton Select further increases the company’s access to the U.S. E&S insurance market. Hamilton Select plans to grow in the hard-to-place niche of the U.S. E&S market focused on small to medium sized risks, a segment which is expected to produce profitable results in all market cycles. Hamilton Select has a leadership and underwriting team with extensive experience in its chosen niche and also benefits from extensive distribution relationships in this market segment.
Products
International comprises 54% of the total 2024 gross premiums written and includes Hamilton Managing Agency Limited (‘HMA’), as managing agent to Hamilton Syndicate 4000 (wholly aligned syndicate), HIDAC, and Hamilton Select.
Bermuda comprises 46% of the total 2024 gross premiums written and includes Hamilton Re and Hamilton Re US.
International segment
The company’s International segment includes both the Hamilton Global Specialty and Hamilton Select platforms. Hamilton Global Specialty focuses predominantly on commercial specialty and casualty insurance and reinsurance products for medium to large-sized accounts and specialty reinsurance for a variety of global insurance companies. Its business is distributed via Lloyd’s Syndicate 4000 and HIDAC in Ireland. Hamilton Select, the company’s recently launched U.S. domestic E&S carrier, writes casualty insurance for small to mid-sized commercial clients in the hard-to-place niche of the U.S. E&S market. Across the International segment, insurance business made up approximately 88% of gross premiums written, while specialty reinsurance makes up approximately 12% for the year ended December 31, 2024.
The portfolio of business written within the company's International segment is broadly diversified, with low volatility, and focuses on medium to large-sized accounts. In addition to the capacity at Lloyd’s, Hamilton Global Specialty writes business using its Irish subsidiary company, HIDAC. Hamilton Select, the company's U.S. E&S platform, also operates under the International segment and focuses on small to mid-sized, hard-to-place accounts.
Property Lines
Property business written by the company’s International segment accounted for 15% of gross premiums written as of the year ended December 31, 2024. The property book is predominantly made up of U.S. E&S insurance business with a weighting in favor of the industrial and commercial sectors, binding authority business, comprising non-standard commercial and residential risks, and specialist sectors, including terrorism, power generation, engineering and nuclear risks. The property insurance book is written on both a direct and facultative basis, as well as through a specialist property binders division. The property products include:
Property (Direct & Facultative): The company offers all risks coverage, business interruption, machinery breakdown, natural perils, and physical loss or damage. This is a global account with a concentration of business in North America. The balance of business is written in Australasia, Latin America, the Middle East, and South Africa.
Property Binders: The company targets small and medium-sized enterprises low-hazard commercial portfolios, mostly low attritional coastal appetite, personal lines business, excluding habitational risk, difference in conditions – flood and earthquake portfolios and specialty financial institution lines, including mortgage impairment and lender-placed property. The portfolio is predominantly written for risks across the United States/North America.
Casualty Lines
Casualty business within the company’s International segment accounted for 42% of gross premiums written as of the year ended December 31, 2024. The company’s casualty products include:
Financial Lines: The company’s financial lines book targets corporate entities rather than retail exposure. The company writes a diversified portfolio across a broad range of financial institutions including asset managers, funds, building societies, financial exchanges, retail and commercial banks, private equity/venture capital firms, stockbrokers, private banks, development banks, merchant/investment banks, insurance companies and trust companies. This is a global account with a concentration of business in the United Kingdom, the United States, Canada, the Caribbean, Australia, and a key presence in emerging markets.
Professional Lines: The company’s professional lines book covers both international and the U.S. professional indemnity, medical malpractice and directors & officers (D&O). The company targets a diversified portfolio for which the cornerstone is a strong international PI account supported by carefully selected commercial D&O. Key areas include specialist engineers, lawyers and miscellaneous business. The company delivers its professional lines through a mixture of multi-class facilities for small businesses or via bespoke products designed for more specialized risks, such as auction houses, protection & indemnity (P&I) club managers and classification societies. This is a global account with a concentration of business in the United Kingdom, the United States, Canada, and the Caribbean.
Environmental: The company helps manage risks in the areas of pollution liability aimed at safeguarding business owners from pollution claims arising from a variety of environmental threats related to liability from managing, leasing or owning real estate assets, professional liability, contractors’ pollution liability, commercial general liability, and manuscript solutions. With its global presence, the company has the capability to underwrite cross-border transactions and deals and the ability to underwrite risks in various international jurisdictions, including Canada, the United Kingdom, Europe, Asia, Latin American, and the Caribbean.
Excess Casualty: The company’s industry class offering is broad and includes medium to large companies. The company also provides cover for U.S. construction companies for both practice and project-specific policies over a wider range of construction from mid-size commercial projects through to major infrastructure projects. The company targets U.S.-domiciled entities with U.S. and global exposures.
Mergers & Acquisitions: The company’s mergers & acquisitions book offers warranty and indemnity insurance, which covers unknown and unforeseen loss arising from breaches of the warranties under an acquisition agreement, as well as contingent risk insurance, which covers known and quantifiable loss arising out of specific (low risk) issues identified during a transaction diligence process. The company works with private equity houses, financial institutions, global corporates and management teams of all sizes and have broad appetite for all target companies, business or assets. The company has a global presence and capabilities to underwrite cross-border transactions and deals with operations in various international jurisdictions.
Cyber: The company’s cyber book is global and focused on financial institutions, utilities, retailers and the healthcare and hospitality industries. It includes cyber liability, as well as optional coverage, including technology errors and omissions, payment card industry fines and penalties, cybercrime and fraudulent instruction. The company’s cyber liability provides affirmative coverage for hardware and software replacement costs, voluntary shutdown and ransom events. Optional coverage includes technology errors and omissions, payment card industry fines and penalties, cybercrime, telephone fraud and electronic fraudulent instruction. Expert underwriting enables the company to cover a diverse and wide-ranging spread of industries and territories with a particular focus on financial institutions, utilities, retailers and the healthcare and hospitality industries. The company provides global coverage with a concentration of business in the United States, Europe and the Middle East.
U.S. Energy: The company targets classes, such as contracting/servicing, engineering/consulting, down hole exposures and manufacturing/distributors and rentals. This class only underwrites energy-oriented risk in the United States.
Specialty Lines
Specialty business within the company’s International segment accounted for 43% of gross premiums written as of the year ended December 31, 2024. The company’s specialty products include:
Accident & Health (A&H): The company’s A&H book includes individual and group accidental death and disability, worldwide excess of loss, medical expenses and kidnap and ransom cover. The book is split into three parts: personal accident (PA), PA catastrophe, and medical expense reimbursement. The company also writes sports and non-sports coverage in various locations around the world. The A&H team is a recognized market leader and provides protection for both groups and individuals covering a broad variety of trades, company sizes and a diverse spread of occupational classes. This is a global account with a concentration of business in the United Kingdom, the United States, Canada and the Caribbean and a significant presence in the European Union.
Political Risk/ Political Violence (PR/PV): The company’s PR/PV book includes cover for confiscation and contract frustration, trade credit and war and terrorism, and it is written on a worldwide basis. The company offers protection against frustration of, or default on, contracts with governments, state-owned entities and private entities, and protection for overseas investments or simpler assets operated abroad against risks of confiscation and political violence and for risks of currency inconvertibility and non-transfer in remitting funds. The company targets financial institutions and banks, overseas investors, traders, exporters, telecommunications companies, drilling/oil companies and contractors/infrastructure projects. This is a global account, except for territories subject to sanctions.
Fine Art & Specie: The company’s fine art & specie book includes a variety of fine art & specie risks and high value cargo. Fine art risks include private and corporate collections, museums, exhibitions, galleries, auction houses and musical instruments. Specie risks include bullion, excess vault, safe deposit boxes, excess securities investor protection corporation/Canadian investor protection fund and mining risks. High value cargo includes classic car collections, specialist motor, motor sport and wine collections. The company writes such business on a worldwide basis via a selective number of specialist partners and also through Hamilton’s consortium which writes on behalf of third-party capital, providing additional capacity as required.
Marine/Energy: The company’s marine and energy book includes both traditional marine liability and energy liability. This product area includes international onshore and offshore energy business. Coverage is provided on an excess basis to a broad range of operations such as marine (vessel operators and charterers, ship repairers, terminal operators, port authorities and pollution) and energy (on and offshore, upstream and midstream operators, drilling contractors, service contractors and pipeline operators). This is a worldwide book, with a focus on North America and Europe.
War & Terrorism: The company underwrites predominantly physical loss or damage and business interruption for the following: terrorism and sabotage, riots, strikes, civil commotion, malicious damage, full political perils, terrorism liability, aviation war liability, marine war and cargo war, and events coverage due to a terrorism act or threat. The company caters to business sectors across the spectrum, including real estate, retail, banks and finance, hospitality and leisure, construction, manufacturing, power utilities, energy, specie and fine art, schools and educational institutions, telecommunications, transportation, marine and cargo, and municipalities. The company underwrites such business on a worldwide basis and also lead a consortium for the U.S.-based terrorism business with over half a billion dollars of capacity.
Space: The company covers mainly GEO communication satellites but also imaging and weather satellites and cargo missions to the International Space Station. The business is 80% launch and 20% in orbit. The company targets satellites, covering their entire lifespan from launch to in-orbit testing and during their commercial exploitation. These include telecommunication satellites in geostationary orbit as well as observation, navigation, meteorological, scientific and government satellites.
Kidnap & Ransom: The company offers coverage for the following types of events: kidnap, extortion, detention, disappearance, hostage crisis, product extortion, threat, virtual kidnap, business interruption, child abduction, political evacuation and repatriation, workplace violence, and product extortion recall and destruction. The company partners with Crisis24 which has 30 years of experience and infrastructure in 45 countries, and Holman Fenwick Willan LLP, an international law firm widely recognized as the leading global law firm managing and resolving incidents in complex and hostile environments. The company underwrites such business on a worldwide basis.
Upstream Energy: The company specializes in onshore and offshore oil and gas exploration and production (E&P). The company offers package-based policies, including first-party property damage, operators’ extra expense, third-party liability and business interruption. The company also considers the specialist areas of the Gulf of Mexico named windstorm and construction business. The company’s target market includes a wide range of operators within the upstream energy sector. This includes E&P companies of all sizes, state oil companies, multinationals and independent operators. The company’s target scope also extends to both drilling and service contractors within the oil and gas industry. This is a global account with a concentration of business in the key offshore oil and gas regions, including the North Sea, Gulf of Mexico, Asia Pacific, Australasia and offshore West Africa.
Surety Reinsurance: The company focuses on the Latin American market with facultative surety bonds, proportional and non-proportional treaties. The company is a facultative reinsurer, not limited to inwards reinsurance treaty relationships, and can consider regional principals and complex contracts.
Treaty Reinsurance: The company targets marine treaty, energy treaty with upstream, midstream and downstream available, war and terror treaty, aviation treaty and ancillary interests. The company offers all forms of pro rata and excess of loss treaty. This is a global account with a worldwide remit, with key exposures in the United States, Europe and Japan.
Hamilton Select
As a U.S. domestic non-admitted carrier, Hamilton Select can restrict coverage and thereby limit exposure to loss by either excluding coverage or providing a sub-limit on coverage. As coverage is not available in the standard market, non-admitted carriers may be able to charge premiums exceeding the standard market broad coverage risk charge for a narrower scope of coverage. The starting basis for non-admitted policy forms and rates are typically the admitted market policy forms and rates. The non-admitted market coverage form is typically modified to address the specific risk characteristics of accounts that are pushed out of the admitted market, and the pricing is adjusted to reflect the elevated risk potential. The non-admitted market policy wording is typically modified to further restrict and limit coverage, and the pricing is surcharged to account for the elevated risk for these distressed commercial accounts.
Hamilton Select offers the following products in the United States to small to mid-sized hard-to-place and distressed accounts:
Allied Medical: The company offers coverage for long-term care facilities, such as independent living and assisted living, social services, such as adoption and foster care, counseling, drug & alcohol rehab, adult day care, shelters and halfway houses, group homes for people with developmental or physical disabilities, and miscellaneous healthcare facilities, such as home health care, staffing (non-physician), physical therapy, hospice agencies and cannabis dispensaries.
Management Liability: The company writes primary and excess private company and not-for-profit director’s and officer’s liability, employment practices liability and fiduciary liability for diverse types of operations.
Medical Professionals: The company’s risk appetite includes physicians/surgeons, dentists and other medical providers, such as chiropractors, podiatrists, nurse practitioners, and physicians’ assistants. Accounts falling into this space typically include those providers that have had licensing issues, substance abuse issues, adverse loss history, patient boundary/ethics issues, have been non-renewed due to practice/services offered or have had gaps in coverage.
Professional Liability: The clients the company targets include architects, engineers, accountants, insurance agents, lawyers, and real estate professionals, who work across a wide variety of industries. Professional liability insurance protects against claims related to professional negligence.
Excess Casualty: The company writes supported or unsupported excess over general liability, employers’ liability, automobile liability, liquor liability, incidental foreign liability, owners and contractors protective liability (OCP) and more. The company’s risk appetite includes contractors, products manufacturing / importing, and various other areas, including restaurants/bars/nightclubs, entertainment, security firms and hospitality (bakeries and shops).
General Liability: The company writes general liability including products/completed operations for a broad selection of owners, landlords, and tenants liability (OL&T)/premises-driven risks. The company’s risk appetite includes habitational, hospitality, lessor’s risk only, and mercantile & other classes.
Products Liability & Contractors: The company will write general liability or products liability on an occurrence and claims-made form for a broad selection of risks. The company’s products liability risks include manufacturers, importers, and distributors of commercial, industrial and consumer goods. The company’s contractors liability risks include commercial, residential, and industrial operations on a practice policy, project specific, or OCP form.
Small Business Casualty: The company focuses on a broad selection of industries from construction to OL&T risks. The company’s target classes include general and trade contractors, as well as premises-driven accounts, including real estate, hospitality, and habitational businesses.
Bermuda segment
The company’s Bermuda segment encompasses the Hamilton Re platform on which it writes property, casualty and specialty reinsurance business on a global basis, as well as high excess casualty and property insurance products, predominantly to large U.S.-based commercial clients. Hamilton Re US writes casualty and specialty reinsurance business predominantly for the U.S.-domiciled insurers. Reinsurance business accounted for 88% of gross premiums written for the year ended December 31, 2024, while insurance business accounted for 12%. The company’s reinsurance business is written on either a proportional or on an excess of loss basis.
Property Lines
The company’s Property business includes property reinsurance, comprises excess of loss and proportional reinsurance, which generally covers natural and man-made catastrophes. The company also writes property insurance, which is predominantly provided to large the U.S. commercial companies. Property business written by Hamilton Re accounted for 38% of gross premiums written as of the year ended December 31, 2024. Hamilton Re’s property insurance business provides both insurance and facultative coverage for business interruption, machinery breakdown, natural perils, and physical loss or damage globally, and predominantly to large U.S.-based commercial clients. Key property products include:
Property Reinsurance: The property reinsurance business provides proportional, aggregate, excess of loss and retro products which generally cover natural and man-made catastrophes. The company provides a worldwide territorial scope and offer capacity with reinstatable or single-shot limits.
Property Insurance: The company offers all-risks coverage, business interruption, machinery breakdown, natural perils, and physical loss or damage, predominantly to large U.S.-based commercial risks. The cover is written globally, with a concentration of business in North America.
Casualty Lines
The company’s Casualty business in its Bermuda segment is written by both Hamilton Re and Hamilton Re US and accounted for 47% of gross premiums written as of the year ended December 31, 2024. It consists of both insurance and reinsurance business. Casualty insurance business is written in Bermuda only and exclusively on an excess of loss basis. This cover is generally provided to large U.S. commercial companies, rail companies, energy companies and financial institutions on a worldwide basis. Casualty reinsurance business is written on a proportional and excess of loss basis covering worldwide exposures. The lines of business offered for Casualty reinsurance include general liability, umbrella/excess liability, D&O, errors & omissions (E&O) and environmental.
Casualty Reinsurance
Casualty reinsurance is written by both the Bermuda and the U.S. teams and is written on a proportional and excess of loss basis covering worldwide exposures. Cover provided includes:
General Liability: The company protects a wide variety of general liability covers, including premises, products completed operations and liquor liability. The company offers treaty capacity globally on a proportional and excess of loss basis.
Umbrella & Excess Casualty: The company protects umbrella and excess casualty programs written on occurrence, claims-made or integrated-occurrence bases. The company offers treaty capacity globally on a proportional and excess of loss basis.
Professional Liability: The company protects a wide variety of professional lines, including director’s and officer’s liability, employment practices liability, lawyers’ professional liability, and errors and omissions liability. The company offers treaty capacity on pro rata and excess of loss bases. The company’s coverage is worldwide.
Workers’ Compensation & Employers’ Liability: The company protects workers’ compensation and employers’ liability cover globally on both a proportional and excess of loss basis.
Personal Motor: The company protects motor liability, property damage and personal accident for all types of motor policies. The company offers treaty capacity on proportional, excess of loss or retrocessional basis. The company’s emphasis is in the United Kingdom.
Commercial Motor: The company offers commercial motor reinsurance to protect motor liability, property damage and personal accident liability for commercial vehicles. The company provides treaty capacity on a proportional and excess of loss basis, predominantly in North America.
Healthcare: The company’s product protects programs such as medical malpractice, hospital professional liability, long-term care, managed care, errors and omissions, and physicians’ liability. The company offers cover globally on both a proportional and excess of loss basis, with limited reinstatements.
Multiline: The company provides reinsurance for any combination of general liability, motor/auto, professional lines, healthcare, umbrella and excess casualty, and workers’ compensation/employers’ liability. The company will also consider programs that support business that forms part of its property and specialty lines. The company offers treaty capacity globally on both a proportional basis and excess of loss basis, with a preference for limited reinstatements.
Casualty Insurance
The casualty insurance business provides cover on an excess of loss basis only.
Excess Casualty: Excess liability insurance is written on a worldwide excess of loss basis, supporting a wide range of industries, including but not limited to, chemicals, construction, consumer goods, energy, food and beverage, hospitality, manufacturing – consumer and industrial, OL&T, rail and transportation, retail, and utilities.
Financial Lines Insurance: The financial lines insurance is predominantly directors and officers, errors and omissions, employment practices liability and transactional liability cover provided predominantly to financial institutions and large U.S. commercial companies on a worldwide excess of loss basis.
Specialty Reinsurance
The company’s specialty business is reinsurance only, made up of several sub-classes. Specialty business accounted for 15% of gross premiums written for the year ended December 31, 2024. The book comprises reinsurance only and covers several sub-classes written on both a proportional and excess of loss basis. Key specialty products include:
Aviation & Space: The company’s aviation & space book covers airline, airport, aerospace, satellite launches and orbits, and general aviation risks globally on a proportional, excess of loss or retrocessional basis.
Marine & Energy: The company’s marine & energy book covers a broad portfolio of global marine and energy risks, including marine hull, marine liability including international group, cargo, and upstream, midstream and downstream energy risks which are on a proportional, excess of loss or retrocessional basis.
Crisis Management: The company’s crisis management book covers risks associated with war, terrorism and political violence. The company also have the capacity to offer risks associated with contingency, piracy and kidnap and ransom cover. The company’s products can be provided globally on a proportional or excess of loss basis.
Mortgage: The company provides excess of loss reinsurance predominantly to government-sponsored entities of U.S. residential mortgages.
Financial Risks: Financial risks reinsurance includes political risk, trade credit, surety, mortgage and other credit-related products. The company offers proportional, excess of loss, stop loss or retrocessional capacity on a worldwide basis.
Accident & Health: The company offers coverage for personal accident, life and travel portfolios on a risk and catastrophe basis. The company’s global coverage can be structured on a proportional or excess of loss basis.
Multiline: The company offers multiline reinsurance coverage across multiple specialty lines – generally marine and energy, aviation and crisis management covers. The company offers coverage globally on a proportional, excess of loss or retrocessional basis.
Marketing and Distribution of its International and Bermuda Businesses
The knowledge, experience and relationships of its senior management team provide the company with global access to insurance and reinsurance brokers, agents and clients. The company is also having close relationships with a number of mid-tier and smaller specialty brokers. Some of the company’s products, such as those in its A&H account, are also distributed through managing general agents (MGAs) and managing general underwriters (MGUs).
The International segment, excluding Hamilton Select, includes a variety of business across many clients on a worldwide basis, which provides the company with a broad spread of risk. The company is not dependent on any single client for its business and have a wide variety of distribution channels. These distribution channels include its MGA in the United States, HMGA Americas, third-party cover holders and both Lloyd’s and non-Lloyd’s brokers.
The company’s International segment includes business from several large national and international brokers and a number of smaller specialized brokers. With respect to its International segment, its 10 largest brokers (by amount of gross premium written for the company) accounted for an aggregate of approximately 55% of its gross premiums written in 2024, with the largest broker, Marsh McLennan, accounting for approximately 10% of its gross premiums written. The second largest broker, Arthur J Gallagher, accounted for approximately 7% of its gross premiums written.
The company’s Bermuda segment business is accessed through wholesale and reinsurance brokers. With respect to its Bermuda segment, its largest broker (by amount of gross premium written for the company), Marsh McLennan, accounted for approximately 41% of gross premiums written in 2024. The second-largest broker, Aon, accounted for approximately 30% of its gross premiums written.
Reinsurance
The company strategically purchases reinsurance and retrocession from third parties. This enhances its business by protecting capital and reducing its exposure to volatility from adverse claims events (either large single events or an accumulation of events).
The company’s reinsurance purchases include a variety of quota share and excess of loss treaties and facultative placements, depending on the class of business. In 2024, the company ceded 26% of premium from the International segment and 15% from the Bermuda segment.
Investments
The company maintains two segregated investment portfolios: a fixed maturity and short-term investment portfolio and an investment in the TS Hamilton Fund.
The fixed income portfolio is structured to focus primarily on the preservation of capital and the availability of liquidity to meet the company’s claims obligations. The strategy is to maintain a portfolio that is well-diversified across market sectors and to generate attractive returns on a risk-adjusted basis over time. This portfolio is also used to provide security for the company’s credit facilities. The fixed income investment portfolio is managed by two external investment managers - DWS Investment Management Americas, Inc. (‘DWS’) and Conning Asset Management Limited (‘Conning’).
Competition
Some of the company’s competitors include American Financial Group, Inc.; Arch Capital Group Ltd; AXIS Capital Holdings Limited; Beazley plc; Cincinnati Financial Corporation; Everest; The Hanover Insurance Group, Inc.; Hiscox Ltd; James River Group Holdings, Ltd; Kinsale Capital Group, Inc.; Lancashire Holdings Limited; Markel Corporation; Palomar Holdings, Inc.; RLI Corp; RenaissanceRe Holdings Ltd.; Skyward Specialty Insurance Group, Inc.; various Lloyd’s syndicates and W.R. Berkley Corporation.
Regulation
The company operates as an insurance holding company and are subject to state statutes and regulations governing insurance holding company systems that are generally based on the National Association of Insurance Commissioner’s (NAIC) Insurance Holding Company System Regulatory Act and Insurance Holding Company System Model Regulation (together, the Model Holding Company Act and Regulation).
As of January 1, 2025, the company has certain duties and obligations under the Personal Information Protection Act 2016 of Bermuda (‘PIPA’) concerning the use in Bermuda of an individual's personal information.
History
Hamilton Insurance Group, Ltd. was founded in 2013. The company was incorporated in 2013 under the laws of Bermuda.
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