15 July 2014News

Hamilton Re enters into partnership with Iron-Starr

Hamilton Re, the Bermuda-based property casualty reinsurer of Hamilton Insurance Group, has signed their newly-announced agency agreement with Iron-Starr Excess Agency Ltd. (Iron-Starr).

Iron-Starr is the managing general agency that underwrites on behalf of Ironshore Insurance Ltd. and Starr Insurance & Reinsurance Limited.

Hamilton Re joins Ironshore and Starr in providing additional capacity for excess liability products underwritten by Iron-Starr.

“It’s heartening to embark on a relationship with two companies for whom I have the utmost respect,” says Hamilton CEO Brian Duperreault. “I’ve known C.V. Starr chairman and CEO, Hank Greenberg, and Ironshore CEO, Kevin Kelley, virtually my entire professional career.  Hank and Kevin are among the best in the business, and I’m delighted to be partnering with them on this exciting initiative.”

Hamilton Re CEO Kathleen Reardon adds: “As we continue to develop Hamilton Re’s global platform, alliances such as the one we’ve established with Ironshore and Starr will further enhance our ability to provide our clients with innovative risk solutions. We’re very pleased to be working with the world class management and underwriting teams at these two highly regarded insurance carriers.”

Iron-Starr CEO Mitch Blaser concludes: “This partnership is a positive step for both the Iron-Starr agency and for the Bermuda market overall as we further advance the concept of syndication of risk. Iron-Starr can now provide additional market capacity, through a single access point, to strongly rated and well-respected insurance carriers.”