BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
Hamilton Re Ltd., part of Hamilton Insurance Group Ltd., has set up a $65 million sidecar to bolster reinsurance capacity, the reinsurer said Monday.
Turing Re, which is Hamilton, Bermuda-based Hamilton Re’s first special-purpose vehicle, “will provide collateralized capacity for Hamilton Re’s global reinsurance portfolio,” Hamilton Re said in a statement.
Initial capital was raised in a private placement syndicated among multiple investors with TigerRisk Capital Markets & Advisory acting as sole structuring and placement agent on the transaction, according to the statement.
The transaction represents a “next step in the evolution of Hamilton Re as a diversified company meeting the needs of our current and future clients,” Hamilton Re CEO Kathleen Reardon said in the statement.
Bermuda reinsurer Hamilton Re Ltd. is continuing its push into the insurance sector with the purchase of the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book.