Hamilton Re will provide capacity to Iron-Starr Excess Agency allowing it to offer increased capacity for its insurance products across casualty, financial lines and healthcare.
Bermuda-based Iron-Starr currently underwrites on behalf of Ironshore Insurance and Starr Insurance & Reinsurance.
Iron-Starr said that the addition of Hamilton Re strengthens its capabilities and creates a larger pool of excess capacity available to current and potential clients.
Kevin Kelley, Ironshore chief executive officer (CEO), said: “Ironshore is pleased to announce that Hamilton Re joins Iron-Starr as a premier underwriting partner. Hamilton Re has quickly assembled a cadre of talented and well-respected insurance industry leaders and we look forward to a successful partnership as we develop innovative insurance programmes for our mutual clients.”
Mitch Blaser, Iron-Starr CEO, added: “This partnership is a positive step for both the Iron-Starr agency and for the Bermuda market overall as we further advance the concept of syndication of risk. Iron-Starr can now provide additional market capacity, through a single access point, to strongly rated and well-respected insurance carriers.”
Kathleen Reardon, Hamilton Re CEO, said: “We are pleased to join Ironshore in this new venture, which dovetails nicely with our plans for growth and development. Iron-Starr’s established book of business, seasoned team of underwriters and first-class claims operation provide a sound business case for our access to direct business. We are looking forward to the opportunities presented by this partnership.”
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Hamilton Re, Iron-Starr, Bermuda, Ironshore, Starr