Ironshore Inc. has announced the addition of Hamilton Re as a subscribing insurer to the Iron-Starr Excess Agency Ltd.
Iron-Starr will be able to offer more capacity for the full suite of Iron-Starr insurance products in casualty, financial lines and healthcare with the addition of Hamilton Re, announced in a statement Tuesday.
The addition of Hamilton Re to Iron-Starr extends its capabilities and creates a larger pool of excess capacity available to current and future clients, the insurer said.
Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. and Starr Insurance & Reinsurance Ltd. and was founded to offer syndicated capacity to clients for excess liability products through a single access point, according to the statement. All three companies are Hamilton, Bermuda-based.
Bermuda reinsurers continued to report generally positive financial results for 2013 as they benefited from a quieter catastrophe period than they had suffered in 2012.