It’s official: London-based Pembroke Managing Agency Limited, including its Lloyd’s platform, as well as Irish carrier Ironshore Europe DAC are now owned by Hamilton Insurance Group. The acquisition from US enterprise Liberty Mutual has been completed, five months on from the definitive agreement signing in March.
“Hamilton has now doubled its total premium base, on a pro forma basis, to US$1.1 billion; achieved scale at Lloyd’s, with total managed stamp capacity of approximately £600 million; added global underwriting and operational talent that further bolsters the Hamilton team; and acquired a Dublin-based platform that provides non-Lloyd’s capabilities and access to the US (via excess and surplus lines licensing and reinsurance permissions) and to EU markets (via passporting rights),” noted the Bermuda-headquartered underwriter.
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