Hamilton Insurance Group, Ltd. (Hamilton) establishes a casualty reinsurance sidecar to provide dedicated underwriting capacity in support of the company’s casualty reinsurance portfolio. The sidecar provides reinsurance capital over a multi-year period, with ceded premium over the duration of the structure projected to reach approximately US$300 million. Investor capital and the overall asset strategy for the vehicle is provided by Sixth Street, a global investment firm and strategic partner to insurance companies. As part of the initiative, Hamilton promotes Tristan Latarche to senior vice president of Hamilton ILS, effective 1 April 2026. Reporting to Tim Duffin, group chief underwriting officer, Latarche leads the continued development and execution of Hamilton’s third-party capital strategy as the platform scales. Latarche joined the firm in November 2024. Prior to Hamilton, he held various underwriting and actuarial roles at Hiscox Re in London. Commenting on the launch, Duffin says: “We are extremely pleased to announce that we have successfully established our first casualty reinsurance sidecar. This sidecar enhances our ability to support casualty reinsurance underwriting through scalable and efficient capital solutions, supports our disciplined growth strategy, and provides Hamilton with an additional source of fee income.” Duffin adds: “Tristan’s promotion further strengthens our leadership bench as we continue to develop our third-party capital capabilities. His extensive experience in the insurance-linked securities (ILS) and reinsurance markets is invaluable as we build on our momentum in this space.” Hamilton leverages its existing third-party capital platform Ada Re, Ltd. (Ada Re) for this offering. Ada Re serves as a core component of Hamilton’s third-party capital strategy and contributes to the company’s fee-based earnings. The platform also provides collateralised property catastrophe reinsurance and retrocessional coverage. This is distinct from, and complementary to, Hamilton Re’s balance sheet property reinsurance portfolio. Aon Securities LLC acted as sole structuring agent and placement agent for the transaction. Willkie Farr & Gallagher LLP and Carey Olsen Bermuda Limited served as legal counsel for Hamilton.
