Another high-profile name from the insurance and reinsurance industry has joined Hamilton Insurance Group, the holding company for recently established Bermudian reinsurer Hamilton Re, which was formed after it acquired hedge fund backed SAC Re.
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Hamilton Insurance Group, the holding company for the newly established Bermudian reinsurer Hamilton Re, which was formed after it acquired hedge fund backed SAC Re, has named ex-Citigroup chief Sanford I. “Sandy” Weill as Chairman of its Board.
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Ratings agency A.M. Best said that it will keep the financial strength and issuer credit ratings of hedge fund backed reinsurer SAC Re under review with negative implications until the deal announced on Monday closes and the reinsurer becomes Hamilton Re.
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