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Hamilton Insurance Group Plans Henrico County, Virginia, Operations

Hamilton Insurance Group, Ltd., a Bermuda-headquartered provider of specialty insurance and reinsurance services, will establish the U.S. headquarters of its wholly owned subsidiary Hamilton Select Insurance Inc. in Henrico County, Virginia.

“I’m pleased that we’ve chosen Henrico County as the focal point for establishing Hamilton Select,” said Clayton Rhoades, CEO of Hamilton Select. “The Richmond region offers a diverse talent pool of experienced insurance professionals as well as a pipeline of future hires from the world-class colleges and universities across the Commonwealth. Virginia provides our employees with an excellent quality of life with access to entertainment and recreation options along with great schools. We are excited to build a best-in-class specialty insurer and to call Henrico County our home.”

The Virginia Economic Development Partnership (VEDP) worked with the Henrico Economic Development Authority to secure the project for Virginia and will support Hamilton Select Insurance’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities.

As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.

“Virginia provides a talent pool of professionals serving the financial services industry as well as a favorable business climate for companies of all sizes, and we thank Hamilton for choosing Henrico County as the U.S. headquarters of its subsidiary operation,” said Secretary of Commerce and Trade Caren Merrick. “International businesses continue to recognize the benefits of a Virginia location, and we look forward to supporting Hamilton Select’s future success in the Commonwealth.”

Founded in 2013, Hamilton underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Hamilton Select offers specialty insurance products with solutions-oriented underwriting, data-driven analytics, and high-velocity service from its experienced professionals, targeting small-to-mid-sized hard-to-place and distressed accounts in the U.S. E&S space, and is rated A- (Excellent) by A.M. Best Company, Inc.

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