Hamilton added $200m US risk retro cover 1.1 via Easton Re cat bond

Bermuda-based global specialty re/insurer Hamilton issued a fresh $200 million in cat bonds from the 1.1 for retrocession coverage of US named storm and earthquake risks via its ILS unit Easton Re. 

“Easton Re continues to be an important part of Hamilton’s strategy as a newly public company, providing meaningful protection to our operating platforms at an attractive risk adjusted cost,” Hanni Ali, Hamilton SVP, said of the deal. 

“That we have secured more retrocession than initially targeted and at a better price than original guidance, underscores investor confidence in Hamilton,” he said. 

The Easton Re catastrophe bond covers a risk period running from January 1, 2024 through December 31, 2026.

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