Hamilton Re

Hamilton Re is a Bermuda-based Class 4 reinsurer offering property, casualty, and specialty reinsurance worldwide. As part of Hamilton Insurance Group, it focuses on proportional and excess of loss reinsurance solutions. 

History of Hamilton Re

Hamilton Re was created in 2013 after Hamilton Insurance Group, Ltd. bought SAC Re in Bermuda. It began as a global reinsurance platform for property, casualty, and specialty risks.  

It later became one of the group’s three core businesses. Other key milestones in Hamilton Reinsurance’s history include: 

• 2016: Hamilton teamed up with AIG and Two Sigma to launch Attune for small business coverage
• 2020: the company opened a Lloyd’s business through Hamilton Managing Agency after buying Pembroke
• 2022: Hamilton formed Hamilton Select to expand into US excess and surplus insurance
• 2024: it added credit, bond, and political risk reinsurance with a new hire for specialty business 

One of Hamilton Re’s recent moves was a $200 million catastrophe bond to cover major natural events. This bond adds protection for US storms and North American earthquakes. 

Reinsurance products and services

Hamilton Re, rated “A” by AM Best and Kroll, writes property, casualty, and specialty reinsurance worldwide. It provides both proportional and excess of loss coverage across key sectors: 

Casualty reinsurance 

• commercial motor reinsurance: covers losses from fleet vehicle operations 
• healthcare reinsurance: reinsures high medical costs 
• personal motor reinsurance: supports private vehicle insurance 
• umbrella & excess casualty reinsurance: adds coverage above primary liability limits 
• general liability reinsurance: covers third-party injury or damage claims 
• multiline casualty reinsurance: combines multiple casualty lines 
• professional liability reinsurance: covers service-related risks 
• workers’ comp & employers’ liability reinsurance: reinsures employee injury claims 

US casualty reinsurance 

• commercial auto reinsurance: reinsures commercial vehicle risks
• healthcare reinsurance: backs US medical plans 
• personal auto reinsurance: supports US personal auto policies 
• umbrella & excess casualty reinsurance: extra US liability coverage 
• general liability reinsurance: covers US third-party claims 
• multiline casualty reinsurance: multiple US casualty lines 
• professional liability reinsurance: US service liability support 
• workers’ comp & employers’ liability reinsurance: US wage and injury claims 

Property treaty reinsurance 

• excess of loss reinsurance: pays above set claim limits 
• proportional reinsurance: shares premiums and losses 
• stop loss reinsurance: limits total losses 
• aggregate reinsurance: triggers when total claims exceed a threshold 
• retro reinsurance: reinsures existing reinsurance 

Specialty reinsurance 

• accident & health reinsurance: reinsures accident and health plans
• aviation reinsurance: covers aviation losses 
• crisis management reinsurance: reinsures crisis events like terrorism 
• financial lines reinsurance: covers financial institutions' liabilities 
• marine & energy reinsurance: reinsures shipping and energy risks 
• multiline specialty reinsurance: combines specialty risks 
• satellite reinsurance: covers satellite operations 

Hamilton Re uses proprietary and third-party tools to manage risk and support underwriting. This approach adds value for clients and investors. 

Culture and core values 

Hamilton Re’s culture is collaborative and entrepreneurial, built on values that shape daily decision-making. These include being smart, sensible, open, and more. 

Work environment and benefits 

Its culture reflects the belief in being “in good company,” with strong benefits that include: 

• flexible working: hybrid schedules tailored to the employee, team, and company
• my day: one paid day yearly for wellness, charity, or personal interests 
• parental leave: paid time off for all parents, no matter how families are formed 
• health coverage: medical, dental, vision, life, and disability benefits 
• 401(k) match: company match for retirement savings 
• time off: includes vacation, personal, and family leave 
• professional development: support for career growth and learning 
• gym subsidy: financial help with fitness expenses 

At Hamilton Re, people work with purpose and know that their efforts truly matter. It offers a supportive workplace where people work together and take pride in what they do. 

Diversity, equity, and inclusion (DEI) 

The firm sees open minds as the key to real inclusion and equity. It welcomes different views to build stronger teams and better results. Respecting all voices helps the company grow and keep top talent. 

Sustainability approach 

Hamilton Re takes its role as a responsible reinsurer seriously across all operations. It considers the impact of its work on people, communities, and future generations. The company uses its business strengths to support society and address climate change. 

The future at Hamilton Re

The firm has entered the credit, bond, and political risk reinsurance market with a new segment. This move expands its global specialty portfolio and supports long-term growth. The addition brings experienced leadership and broadens Hamilton Re’s reach in complex risk areas. 

Hamilton posted double-digit premium growth in 2024, driven by strong underwriting and investment returns. Its combined ratio and income gains reflect disciplined operations across its reinsurance portfolio. This success helps the company grow value and stay focused on long-term goals.