Hamilton Re enters credit and political risk reinsurance sector

Hamilton Re has entered the credit, bond and political risk reinsurance sector with the appointment of experienced underwriter Sergio Lottimore. 

Based in Bermuda, Lottimore will report to Peter Riihiluoma, senior vice president and head of specialty reinsurance at Hamilton Re. The new credit, bond and political risk reinsurance offerings will be incorporated within the specialty reinsurance portfolio, the company said. 

“Our expansion into credit, bond and political risk reinsurance marks a significant milestone for Hamilton Re in its commitment to building a globally diversified reinsurance offering,” said Hamilton Re chief executive officer Megan Graves. “This exciting development is bolstered by Hamilton’s AM Best financial strength rating upgrade to “A” (excellent) announced earlier this year.

“I’m delighted to welcome Sergio to Hamilton. He brings dedicated expertise and experience in mortgage, trade credit, surety, political risks and structured credit lines to our already strong specialty reinsurance team.”

As reported previously by Bermuda:Re+ILS, Lottimore joined Hamilton from Validus Re where he was vice president, credit lines underwriter for three years. Prior to that, he spent 15 years in roles of continuous progression at MS Amlin. He has 18 years of specialty and financial lines market experience.

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