Hamilton Re Welcomes Partnership with Iron-Starr
HAMILTON, Bermuda--(BUSINESS WIRE)--Hamilton Re, the Bermuda-based property casualty reinsurer of Hamilton Insurance Group, today welcomed their newly-announced agency agreement with Iron-Starr Excess Agency Ltd. (Iron-Starr), the managing general agency that underwrites on behalf of Ironshore Insurance Ltd. (Ironshore) and Starr Insurance & Reinsurance Limited (Starr).
“It’s heartening to embark on a relationship with two companies for whom I have the utmost respect”
Hamilton Re joins Ironshore and Starr in providing additional capacity for excess liability products underwritten by Iron-Starr.
“It’s heartening to embark on a relationship with two companies for whom I have the utmost respect,” said Hamilton Insurance Group CEO Brian Duperreault. “I’ve known C.V. Starr Chairman and CEO, Hank Greenberg, and Ironshore CEO, Kevin Kelley, virtually my entire professional career. Hank and Kevin are among the best in the business, and I’m delighted to be partnering with them on this exciting initiative.”
“As we continue to develop Hamilton Re’s global platform, alliances such as the one we’ve established with Ironshore and Starr will further enhance our ability to provide our clients with innovative risk solutions,” said Hamilton Re CEO Kathleen Reardon. “We’re very pleased to be working with the world class management and underwriting teams at these two highly regarded insurance carriers.”
About Hamilton Insurance Group:
Hamilton Insurance Group leverages analytics and research to create underwriting and investment value for its clients and shareholders. As of March 31, 2014, Hamilton Insurance Group had over $800 million in capital.
About Hamilton Re:
Hamilton Re, a Bermuda-based Class 4 property and casualty reinsurer, is rated “A-“ (Excellent) with a stable outlook by A.M. Best Company, Inc. Please visit www.hamiltongroup.com for additional information about Hamilton Insurance Group and Hamilton Re.
Iron-Starr Excess Agency Ltd. (Iron-Starr) is a specialty lines insurance managing general underwriting agency, domiciled in Bermuda. The Iron-Starr agency was formed in 2009 along with C.V. Starr & Co., Inc.
Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its multiple international platforms. The Ironshore group of companies is rated A (Excellent) by A.M. Best with a Financial Size Category of Class XIV. Ironshore’s Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best and A+ (Strong) from both Standard & Poor’s and Fitch. For more information, please visit: www.ironshore.com.
About Starr Companies
STARR COMPANIES (or STARR) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance.