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News comes as the Bermudian-based insurer and reinsurer issues a trading statement for the nine months ended September 30

The company reported reinsurance revenue of $588.2 million, a 30.3 per cent increase over the first nine months of 2023

Industry veteran becomes the Bermudian-headquartered insurer’s chief executive

Bermudian-domiciled financial services holding company has seven operating companies

Securities are connected with the JFK Airport Terminal 6 Redevelopment Project

The results come little more than a year since Hamilton launched an initial public offering

The deal is expected to close in mid-2025, subject to regulatory approvals and other customary closing conditions

Operating income was $540.3 million, up from $426.3 million in the third quarter of 2023

The company’s subsidiaries include Palomar Specialty Reinsurance Company Bermuda Ltd

Parent company Enstar says the acquired company underwrote property reinsurance business between 2020 and 2023