STOCK TITAN

Hamilton Re Expands Into Credit, Bond and Political Risk Reinsurance With Appointment of Sergio Lottimore

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management

Hamilton Re, the Bermuda-based reinsurance platform of Hamilton Insurance Group (NYSE: HG), announced its expansion into Credit, Bond and Political Risk Reinsurance with the appointment of Sergio Lottimore as Vice President. Based in Bermuda, Lottimore will report to Peter Riihiluoma, SVP and Head of Specialty Reinsurance. The expansion follows Hamilton's AM Best financial strength rating upgrade to 'A' (excellent) earlier this year. Lottimore brings 18 years of specialty experience, joining from Validus Re where he served as VP, Credit Lines Underwriter, and previously spent 15 years at MS Amlin.

Hamilton Re, la piattaforma di riassicurazione con sede alle Bermuda del Hamilton Insurance Group (NYSE: HG), ha annunciato la sua espansione nel settore della Riassicurazione del Credito, delle Obligazioni e del Rischio Politico con la nomina di Sergio Lottimore come Vicepresidente. Basato alle Bermuda, Lottimore riporterà a Peter Riihiluoma, SVP e Responsabile della Riassicurazione Specializzata. L'espansione segue l'aggiornamento della rating di solidità finanziaria di Hamilton da parte di AM Best a 'A' (eccellente) all'inizio di quest'anno. Lottimore porta con sé 18 anni di esperienza nel settore specializzato, provenendo da Validus Re, dove ha ricoperto il ruolo di VP, Sottoscrittore di Linee di Credito, e ha trascorso 15 anni precedenti in MS Amlin.

Hamilton Re, la plataforma de reaseguro con sede en Bermudas del Hamilton Insurance Group (NYSE: HG), anunció su expansión en el campo de la Reaseguración de Crédito, Bonos y Riesgo Político con la designación de Sergio Lottimore como Vicepresidente. Con sede en Bermudas, Lottimore reportará a Peter Riihiluoma, SVP y Jefe de Reaseguro Especializado. La expansión sigue a la mejora de la calificación de fortaleza financiera de Hamilton por AM Best a 'A' (excelente) a principios de este año. Lottimore aporta 18 años de experiencia en el sector, habiendo llegado de Validus Re donde se desempeñó como VP, Suscriptor de Líneas de Crédito, y anteriormente pasó 15 años en MS Amlin.

Hamilton Re, 버뮤다에 본사를 둔 Hamilton Insurance Group (NYSE: HG)의 재보험 플랫폼은 신용, 채권 및 정치적 위험 재보험으로의 확장을 발표하며 Sergio Lottimore를 부사장으로 임명했습니다. 버뮤다에 기반을 둔 Lottimore는 Specialty Reinsurance의 SVP이자 책임자인 Peter Riihiluoma에게 보고할 것입니다. 이번 확장은 올해 초 Hamilton의 AM Best 재무 강도 등급이 'A' (우수)로 상향 조정된 데 따른 것입니다. Lottimore는 18년의 전문 경험을 가지고 있으며, Validus Re에서 신용라인 언더라이터 VP로 근무한 뒤 MS Amlin에서 15년을 보냈습니다.

Hamilton Re, la plateforme de réassurance basée aux Bermudes du Hamilton Insurance Group (NYSE: HG), a annoncé son expansion dans le domaine de la réassurance de crédit, d'obligations et de risque politique avec la nomination de Sergio Lottimore au poste de vice-président. Basé aux Bermudes, Lottimore reportera à Peter Riihiluoma, SVP et responsable de la réassurance spécialisée. Cette expansion fait suite à la mise à niveau de la notation de solidité financière d'Hamilton par AM Best à 'A' (excellent) au début de cette année. Lottimore apporte 18 ans d'expérience spécialisée, ayant rejoint Validus Re où il a occupé le poste de VP, souscripteur de lignes de crédit, et a précédemment passé 15 ans chez MS Amlin.

Hamilton Re, die auf Bermuda ansässige Rückversicherungsplattform von Hamilton Insurance Group (NYSE: HG), hat ihre Expansion in Kredit-, Anleihe- und politische Risikorückversicherung mit der Ernennung von Sergio Lottimore zum Vizepräsidenten angekündigt. Lottimore wird, ansässig auf Bermuda, an Peter Riihiluoma, SVP und Leiter der Spezial-Rückversicherung, berichten. Die Erweiterung folgt auf das Upgrade der finanziellen Stabilitätsbewertung von Hamilton durch AM Best auf 'A' (ausgezeichnet) zu Beginn dieses Jahres. Lottimore bringt 18 Jahre spezialisierte Erfahrung mit, zuvor war er Vizepräsident für Kreditlinien bei Validus Re und hat 15 Jahre bei MS Amlin verbracht.

Positive
  • Expansion into new reinsurance segments diversifying revenue streams
  • Recent AM Best rating upgrade to 'A' (excellent) strengthening market position
Negative
  • None.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- Hamilton Re, the Bermuda-based insurance and reinsurance underwriting platform of Hamilton Insurance Group, Ltd. (NYSE: HG) (“Hamilton” or “the Company”), today announced its expansion into Credit, Bond and Political Risk Reinsurance with the appointment of Sergio Lottimore to the role of Vice President, Credit, Bond and Political Risk Reinsurance.

Sergio Lottimore, Vice President, Credit, Bond and Political Risk Reinsurance, Hamilton Re. (Photo: Business Wire)

Sergio Lottimore, Vice President, Credit, Bond and Political Risk Reinsurance, Hamilton Re. (Photo: Business Wire)

Based in Bermuda, Lottimore will report to Peter Riihiluoma, Senior Vice President and Head of Specialty Reinsurance at Hamilton Re. Hamilton Re offers a wide breadth of reinsurance solutions across multiple Property, Casualty and Specialty lines of business to meet the demands of its clients worldwide. The new Credit, Bond and Political Risk Reinsurance offerings will be incorporated within the Specialty Reinsurance portfolio, and further expands our offerings to clients.

“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 CEO 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.”

Lottimore has 18 years of specialty and financial lines market experience. He joins 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.

About Hamilton Insurance Group, Ltd.

Hamilton is a Bermuda-headquartered specialty insurance and reinsurance company that underwrites risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world.

For more about our company, visit www.hamiltongroup.com or find us on LinkedIn at Hamilton

Media contact

Kelly Corday Ferris

kelly.ferris@hamiltongroup.com

Investor contacts

Jon Levenson and Darian Niforatos

investor.relations@hamiltongroup.com

Source: Hamilton Insurance Group, Ltd.

FAQ

What new business lines did Hamilton Re (HG) expand into in 2024?

Hamilton Re expanded into Credit, Bond and Political Risk Reinsurance, incorporating these offerings within their Specialty Reinsurance portfolio.

Who did Hamilton Re (HG) appoint to lead their Credit, Bond and Political Risk division?

Hamilton Re appointed Sergio Lottimore as Vice President of Credit, Bond and Political Risk Reinsurance, reporting to Peter Riihiluoma.

What is Hamilton Re's (HG) current AM Best rating in 2024?

Hamilton Re holds an AM Best financial strength rating of 'A' (excellent), following an upgrade earlier in the year.

Hamilton Insurance Group, Ltd. Class B Common Shares

NYSE:HG

HG Rankings

HG Latest News

HG Stock Data

1.95B
96.14M
9.02%
76.06%
1.28%
Insurance - Reinsurance
Fire, Marine & Casualty Insurance
Link
United States of America
PEMBROKE