Hamilton targets US; acquires insurers from TIG
Hamilton US Holdings, the holding company for Hamilton Insurance Group’s US platform, has completed the acquisition of two insurance companies from a subsidiary of TIG Insurance Company.
Hamilton has acquired Valiant Insurance Company, a US-based admitted insurance company, and Valiant Specialty Insurance Company, a US-based surplus lines insurer. The company said the deal will provide it with a “clean slate” to write US insurance business.
Valiant Insurance Company will be renamed Hamilton Insurance Company and Valiant Specialty Insurance Company will be renamed Hamilton Specialty Insurance Company. TIG Insurance will reinsure all legacy business.
Brian Duperreault, chief executive officer (CEO) of Hamilton Insurance Group, said: “With the completion of these two acquisitions, we will begin to explore in earnest the potential that data analytics represents for the insurance industry. Under Conan Ward’s leadership, we’re entering an exciting chapter in the group’s growth and development.”
Conan Ward, Hamilton USA CEO, added: “We’re starting with a clean slate with these two carriers. This enables us to move quickly to execute on a truly innovative business model. Working with our technology partner, Two Sigma, we believe we can create significant value for our customers and producers.”
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk