Hamilton sells its Lloyd’s insurance broker

Hamilton UK Holdings, a subsidiary of Hamilton Insurance Group, has completed the sale of Lloyd’s insurance broker Kinetic Insurance Brokers to Torlea Group, a London-based holdings company.

“Torlea is pleased to announce the completion of the purchase of Kinetic which will enable Kinetic to provide direct London access for specialty niche opportunities in the UK, Europe, and North America”, said Ray Dowling, chairman of Torlea.

Bob Deutsch, chief strategy officer of Hamilton Insurance Group, added: “We are happy to have come to an agreement that will benefit both of our organizations and wish Torlea the best of success in their new ventures with Kinetic Insurance Brokers.”