Hamilton Re launches special purpose vehicle Turing Re

Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle Turing Re.

Turing Re will provide collateralised capacity for Hamilton Re’s global reinsurance portfolio.

Turing Re has been funded with $65 million of capital, raised in a private placement syndicated among multiple investors, to provide support for Hamilton Re’s property treaty book of business.

"This transaction represents an exciting next step in the evolution of Hamilton Re as a diversified company meeting the needs of our current and future clients," said Hamilton Re CEO Kathleen Reardon.

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