Hamilton’s Ratings Unchanged After Resignation
A.M. Best has commented that the financial strength rating of A- [Excellent] and the issuer credit ratings of “a-” of Hamilton Re, Ltd., Hamilton Specialty Insurance Company and Hamilton Insurance Company remain unchanged following the resignation of HSIC and HIC’s CEO.
The ratings agency said, “A.M. Best expects the companies’ business plan implementation to continue inforce as it was presented during the initial rating assignment. It is further expected that the companies will continue to receive support from their ultimate parent, Hamilton Insurance Group, Ltd..
“HSIC and HIC operate as U.S.-domiciled primary insurers writing a combination of small and middle market business casualty and specialty insurance primarily through agents and wholesale channels. The companies follow stringent underwriting and risk management guidelines, as does their affiliate, Hamilton Re.”
