Hamilton Re, Hamilton Insurance Group's Bermuda-based underwriting platform, announced its expansion into Credit, Bond and Political Risk Reinsurance. This new offering will be incorporated within the Specialty Reinsurance portfolio, broadening the range of solutions available to clients. The expansion is a significant step in building a globally diversified reinsurance offering.
Sergio Lottimore has been appointed as Vice President, Credit, Bond and Political Risk Reinsurance, based in Bermuda. Mr. Lottimore brings 18 years of experience in specialty and financial lines, including Mortgage, Trade Credit, Surety, Political Risks, and Structured Credit. His expertise will support the development of this new business line.
This strategic move is bolstered by Hamilton's A.M. Best financial strength rating upgrade to "A" (excellent), which was announced earlier in the year. The enhanced rating provides a stronger foundation for Hamilton Re to pursue new business opportunities and increase its participation in specialized reinsurance markets.
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