Global re/insurer, Hamilton Group has confirmed in a recent webinar that they are using the current financial climate as an opportunity to grow, despite the ongoing uncertainty surrounding another year of difficult markets.
Reinsurance News recently hosted a webinar partnered with sister company, Artemis and in association with our partners Kroll Bond Rating Agency (KBRA), which explored both the traditional reinsurance and ILS market in 2021 amid a global pandemic.
The webinar was joined by Pina Albo, CEO, Hamilton Group; Niklaus Hilti, CEO & CIO Credit Suisse Insurance Linked Strategies; Peter DiFiore, Managing Director, Neuberger Berman; and Peter Giacone, Managing Director, Global Head of Insurance, KBRA.
Last year, Hamilton Group had acquired Pembroke Managing Agencies in a bid to further build the global specialty insurance and reinsurance company.
Pina Albo commented on the company’s journey: “We had anticipated some rate hardening, but certainly not what we are seeing today and what we expect to continue for some time.
“So, we feel that we now have all of the platforms in place, we have the product base expansion and also a talented team to take advantage of the opportunities I mentioned, increased submission flow.
“That said, while we certainly have plans for growth, it is not an uncontrolled growth. It’s all about, at Hamilton, building the right portfolio, allocating the capital to the right risks, and ensuring that we have the expertise to write what we’re seeing.”
