Bermuda-headquartered Hamilton Insurance Group, Ltd. has sponsored a new catastrophe bond, providing the firm with $200 million of retrocession from the capital markets to protect against U.S and territories named storm and North American earthquake risk.
Easton Re Ltd. (Series 2024-1) is the second catastrophe bond sponsored by Hamilton Insurance Group, and comes as a renewal of its Easton Re 2020 cat bond.
The $200 million deal provides the company’s operating platforms with risk transfer capacity to protect against U.S., DC, Puerto Rico, Virgin Islands named storm risks, and U.S. and Canada earthquake risks.
