Hamilton CEO Albo welcomes AM Best upgrade for Hamilton Select

Hamilton Select Insurance, the US excess and surplus lines underwriting platform of Hamilton Insurance Group, has received an upgraded financial strength rating of ‘A’ from AM Best, with Hamilton CEO Pina Albo saying the move reflects the company’s progress in building its US specialty platform.

Pina Albo (pictured), chief executive officer of Hamilton, said the upgraded rating underscores progress in building Hamilton Select as a valued pillar of the company's strategy.

AM Best noted the upgrade is primarily driven by recent enhancements of explicit support provided by Hamilton parent and reflects Hamilton Select's strategic importance to the group.

The upgraded rating supports the continued development of Hamilton Select as a core US E&S underwriting platform and aligns with Hamilton's strategy of building a diversified, global specialty insurance and reinsurance company.

“Receiving an 'A' rating from AM Best enhances our ability to continue growing our US specialty insurance business profitably and to deliver greater value to our broker partners and clients,” said Albo.

Did you get value from this story? Sign up to our free newsletters and get stories like this sent straight to your inbox.