Hamilton Re is now a subscribing insurer to the Iron-Starr Excess Agency Ltd.

Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. (IIL) and Starr Insurance & Reinsurance Limited (SIRL).

With the addition of Hamilton Re, Iron-Starr will be able to offer increased capacity for the full suite of Iron-Starr insurance products across Casualty, Financial Lines and Healthcare.

Bermuda remains a core market for purchasing such products, and the addition of Hamilton Re to Iron-Starr strengthens its capabilities and creates a larger pool of excess capacity available to current and potential clients.

“Ironshore is pleased to announce that Hamilton Re joins Iron-Starr as a premier underwriting partner,” said Kevin H. Kelley, Ironshore CEO.

“Hamilton Re has quickly assembled a cadre of talented and well-respected insurance industry leaders and we look forward to a successful partnership as we develop innovative insurance programmes for our mutual clients.”

Mitch Blaser, Iron-Starr CEO, added: “This partnership is a positive step for both the Iron-Starr agency and for the Bermuda market overall as we further advance the concept of syndication of risk.

“Iron-Starr can now provide additional market capacity, through a single access point, to strongly rated and well-respected insurance carriers.” “We are pleased to join Ironshore in this new venture, which dovetails nicely with our plans for growth and development,” said Kathleen Reardon, Hamilton Re CEO.

“Iron-Starr’s established book of business, seasoned team of underwriters and first-class claims operation provide a sound business case for our access to direct business. We are looking forward to the opportunities presented by this partnership.”

“It’s heartening to embark on a relationship with two companies for whom I have the utmost respect,” said Hamilton Insurance Group CEO Brian Duperreault.

“I’ve known C.V. Starr chairman and CEO, Hank Greenberg, and Ironshore CEO, Kevin Kelley, virtually my entire professional career. Hank and Kevin are among the best in the business, and I’m delighted to be partnering with them on this exciting initiative.”

Develop “As we continue to develop Hamilton Re’s global platform, alliances such as the one we’ve established with Ironshore and Starr will further enhance our ability to provide our clients with innovative risk solutions,” added Ms Reardon.

“We’re very pleased to be working with the world class management and underwriting teams at these two highly regarded insurance carriers.”