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Hamilton Insurance closes deal with Liberty Mutual, names CFO

Hamilton Insurance Group has acquired Pembroke Managing Agency Ltd. and its platform at Lloyd's, as well as Ironshore Europe DAC, from Liberty Mutual Holding Co. Inc.

The deal closed after the receipt of necessary regulatory approvals and customary closing conditions.

Hamilton Insurance also named Tony Ursano group CFO. Ursano will succeed Jonathan Reiss, who took the role of president of strategic partnerships, a new business unit at the company.

Reiss will continue as group CFO in addition to his new role until Ursano joins the company Sept. 5.

TigerRisk Capital Markets & Advisory was the financial adviser, and Debevoise & Plimpton LLP was legal adviser to Hamilton Insurance.