Hamilton Insurance Snaps Up Lloyd's Underwriter, Irish Firm

Law360, London (August 21, 2019, 3:26 PM BST) -- Bermuda-based Hamilton Insurance has said it has doubled its total premiums after completing its acquisition of a Lloyd’s of London underwriter and an Irish insurer from U.S. property and casualty insurer Liberty Mutual.

Hamilton Insurance Group Ltd. said on Tuesday that it has bought underwriter Pembroke Managing Agency Ltd., which manages a Lloyd’s of London syndicate, and Dublin-based Ironshore Europe DAC. Hamilton agreed to buy the businesses in March from Liberty Mutual Group Inc., which is based in the U.S. state of Massachusetts.

Hamilton, which underwrites property and casualty risks in Bermuda and London through its subsidiaries, said the acquisitions have...

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