Hamilton to stop writing property treaty via Lloyd’s to reduce volatility

Bermuda-based  Hamilton Insurance Group has said it will cease writing property treaty reinsurance through its Lloyd’s Syndicate 4000 in London following a review of its book.

The company will continue to write property treaty reinsurance business out of Bermuda, consolidating its peak peril catastrophe reinsurance underwriting into one hub.

Hamilton will also continue to support US regional property reinsurance business through a US-based team.

“We regularly review our book to ensure that we continue to drive underwriting profitability in line with Hamilton’s strategy of building a global, diversified specialty insurance and reinsurance company,” said Adrian Daws (pictured), CEO, Hamilton Managing Agency.

“This decision allows us to reduce volatility in our Lloyd’s business and focus on writing specialty niche products,” he added.

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