Hamilton Insurance Group, Ltd., has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency Limited platform at Lloyd's and Ironshore Europe DAC (IEDAC).
Upon closing, Hamilton said in a statement, the transaction will almost double Hamilton's total premium base.
|Specialty insurance & reinsurance organization
"Given our objective of building a global, diversified specialty insurance and reinsurance organization, our agreement with Liberty is a meaningful step towards achieving that goal," said Hamilton's chief executive officer, Pina Albo. "In addition to the opportunities this transaction presents at Lloyd's, in Europe, and in the U.S., we will bring together talented teams who are aligned on culture, underwriting discipline, and a commitment to providing superior customer service. The result will be a company well-positioned to respond to our clients' and the market's needs."
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Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].
