Hamilton Insurance Group

Jamie Secor has over 20 years of underwriting and senior management experience and joined Hamilton in 2021 to oversee its US E&O business.

The Aspen IPO provides an opportunity to benefit from the specialty market without commensurate prior-year reserve risks due to an LPT cover.

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.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

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.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

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.