Upon closing, the transaction will almost double Hamilton's total premium base. The complementary profile of Pembroke and IEDAC's business both accelerates the Company's goal of establishing a leadership position in specialty insurance and its ability to expand its reinsurance franchise.
"Given our objective of building a global, diversified specialty insurance and reinsurance organization, our agreement with Liberty is a meaningful step towards achieving that goal," said Hamilton CEO
Under the terms of the definitive agreement, Hamilton will be responsible for the 2019 Year of Account for Syndicate 4000 and Liberty will retain the corporate member for prior years.
The transaction is expected to close later this year, subject to the fulfilment of customary closing conditions and obtaining the necessary regulatory approvals.
For more information, please visit www.hamiltongroup.com | Twitter: @HamiltonInsures | LinkedIn: https://www.linkedin.com/company/hamilton-insurance-group.
IEDAC was formed in 2010 in
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