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Hamilton acquires Liberty Mutual's UK, Irish business

Posted On: Aug. 23, 2019 5:53 AM CST

Acquisitions

Bermuda-based Hamilton Insurance Group Ltd. has acquired U.K.-based Lloyd's insurer Pembroke Managing Agency Ltd. and Ireland-based Ironshore Europe DAC from U.S.-based Liberty Mutual Group, Verdict.co.uk reported. Hamilton said that the deal will help the insurer grow its reinsurance business and third-party capital management platform in Europe. The transaction will also double Hamilton's total premium base to $1.1 billion and expand its operations at Lloyd's.

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