Hamilton looks to attract top talent in US with launch of new E&S insurer

Hamilton Insurance Group seeks to scoop up “best talent possible” from the market having launched a new excess and surplus (E&S) lines insurer in the US.

The new E&S insurer Hamilton Select Insurance, domiciled in Delaware, will be led by Clay Rhoades (pictured) as chief executive officer (CEO). It has received a financial strength rating of A- (Excellent) from AM Best.

Rhoades, formerly president of US E&S, joined Hamilton a year ago, and helped the company grow its US-based book of E&S insurance business.

He leads a Richmond, Virginia-based team, writing hard to place risks for small and mid-sized businesses, with plans for additional products and recruitment underway, the company said.

“Under Clay’s leadership, we hit the ground running. In one year, we’ve gone from being a startup to writing business across multiple lines and are now launching a dedicated E&S carrier to further enable the business to grow,” said Hamilton CEO Pina Albo. “The breadth and depth of experience of our E&S colleagues, combined with the capabilities and collaborative culture of Hamilton’s global team, is a compelling proposition.”

Rhoades said: “The launch of Hamilton Select Insurance Inc. underscores our commitment to the US E&S space. We continue to leverage this period of accelerated market growth and are dedicated to delivering solutions of value as a leading E&S option for our brokers and clients.

“With its deep talent pool, I’m pleased that we’ve made Richmond, Virginia the home base for our team and the location of our new office.”

“We’ll also continue to have colleagues in other US cities, as we seek to attract the best talent possible to our growing team,” Rhoades noted.

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