AM Best affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of 'a' (Excellent) for Hamilton Re, Ltd. and Hamilton Insurance Designated Activity Company. The FSR of A- (Excellent) and Long-Term ICR of 'a-' (Excellent) were also affirmed for Hamilton Select Insurance Inc. The outlook for these ratings remains stable.
These affirmations follow rating upgrades in April 2024, which were driven by a trend of increasingly favorable underwriting results, organic capital generation, and increased stability. Hamilton's balance sheet strength is assessed as very strong, supported by the strongest level of risk-adjusted capitalization.
Hamilton Select's risk-adjusted capitalization returned to the strongest level in the second quarter of 2025, following a capital injection from its parent company, Hamilton Insurance Group. This capital support underscores Hamilton Select's strategic importance and provides further backing for its ratings.
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