Welcome to our dedicated page for Hamilton Insurance Group news (Ticker: HG), a resource for investors and traders seeking the latest updates and insights on Hamilton Insurance Group stock.
Hamilton Insurance Group, Ltd. (NYSE: HG) is a specialty insurance and reinsurance company in the direct property and casualty insurance carriers industry, with underwriting operations in London, Dublin, Bermuda and the United States. News about Hamilton often centers on its International and Bermuda segments, its three principal underwriting platforms—Hamilton Global Specialty, Hamilton Select and Hamilton Re—and the financial and governance developments that shape its business.
Investors following HG news will see regular updates on quarterly financial results, where Hamilton reports metrics such as gross and net premiums, underwriting income, combined ratio, book value per common share and net investment income. Company releases discuss the contribution of both International and Bermuda segments, the impact of attritional and catastrophe losses, and returns from the Two Sigma Hamilton Fund and fixed income portfolios.
Hamilton’s news flow also includes capital management actions, such as the Board-approved increase to the company’s share repurchase authorization, and disclosures about repurchases of common shares during specific quarters. These items provide insight into how the company manages its capital base alongside underwriting and investment performance.
Another key theme in Hamilton’s news is leadership and governance. The company has announced appointments to roles such as Group Chief Risk Officer and Group Chief Information Officer, as well as senior underwriting positions at Hamilton Re and Hamilton Select. Board Chair appointments at Hamilton Managing Agency Limited in the United Kingdom and Hamilton Insurance Designated Activity Company in Ireland highlight the governance framework around its Hamilton Global Specialty platform.
Because Hamilton operates across multiple jurisdictions and platforms, its news can cover underwriting strategy, segment growth, catastrophe loss experience, risk and actuarial oversight, technology strategy and regulatory or financing arrangements. For readers tracking HG, this news page offers a centralized view of the company’s latest public announcements and financial communications.
Hamilton Insurance Group (NYSE: HG) has appointed Wilfred Chin as Group Chief Actuary, effective May 1, 2024. Chin, who joined Hamilton in 2023, will oversee reserving and pricing actuarial teams across Hamilton's three underwriting platforms: Hamilton Global Specialty, Hamilton Select, and Hamilton Re. Reporting to Group Chief Risk Officer Alex Baker, Chin's role is a strategic move for Hamilton as a newly public company, emphasizing disciplined risk management. Chin brings extensive experience from his previous tenure at Tokio Marine Kiln and Deloitte. He is a Fellow of the Institute and Faculty of Actuaries.
Hamilton Insurance Group, (NYSE: HG) has announced the repurchase of 9,124,729 Class A common shares from funds affiliated with Blackstone Alternative Solutions at a 12.0% discount, totaling $109,496,748. The purchase will be funded by a loan under the revolving credit facility and the Company expects to close the transaction on May 10, 2024. Following the repurchase, Hamilton will have 101,878,284 shares outstanding.
Hamilton Insurance Group, (NYSE: HG) reported strong financial results for the first quarter of 2024, with a net income of $157.2 million, marking the sixth consecutive quarter of underwriting profitability. The company saw significant growth in gross premiums written, net premiums earned, and underwriting income. The return on average equity was 29.5%, with an annualized gross premiums written increase of 34.1% compared to the same period in 2023. Hamilton's financial performance was bolstered by an AM Best ratings upgrade, enhancing market opportunities.
Hamilton Insurance Group, (NYSE: HG) announced that AM Best upgraded the Financial Strength Rating of its subsidiaries, Hamilton Re, and Hamilton Insurance DAC, to 'A' (Excellent) from 'A-' (Excellent). The Long-Term Issuer Credit Ratings also improved to 'a' (Excellent). AM Best highlighted Hamilton's strong balance sheet, adequate operating performance, and improving underwriting results over the past five years. The upgrade reflects the company's dedication to building a global specialty insurance and reinsurance company.
Hamilton Insurance Group, (NYSE: HG) announced the appointment of Athena Tolosa as Chief Financial Officer at Hamilton Re, replacing Chad Cundliffe. Tolosa will report to Hamilton Re Chief Executive Officer Megan Thomas and Group Chief Accounting Officer Brian Deegan. With an 18+ year career in the (re)insurance industry, Tolosa brings significant experience from roles at RenaissanceRe and Tokio Millenium Re. Her appointment is seen as a valuable addition to the finance team.
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