Ada Capital Management Limited (“Ada Capital”), is a Hamilton owned and controlled, Bermuda-regulated insurance agent authorised to underwrite fully collateralised business on behalf of Ada Re, Ltd. (“Ada Re”), a Bermuda-registered special purpose insurer.
Ada Re commenced assuming risk on January 1, 2021 and provides capacity for fully collateralised retrocessional and reinsurance business on a market-facing basis across a broad range of lines of business and product types.
Ada Re was formed to provide an off-balance sheet solution to target complimentary business supported by the rated balance sheets of Hamilton’s operating subsidiaries (Hamilton Re, Ltd., Hamilton Managing Agency Limited and Hamilton Insurance DAC).
Ada Re benefits from access to the breadth of Hamilton’s underwriting expertise, including its proprietary portfolio management and pricing system, Hamilton Analytics & Risk Platform (HARP). We quote most of the business we assume and specialise in providing options to clients that solve challenging placements.
SVP, Strategic Partnerships
Lines of business
- Property Catastrophe Retrocessional
- Property Catastrophe Treaty Reinsurance
- Cat on D&F
- ILW and Parametric
- Catastrophe excess of loss (XOL)
- Aggregate excess of loss (AGG)
- Reinstatement Premium Protection (RPP)
- Enterprise aggregate (EAGG)
- Structured Quota Share and Aggregate Stop Loss coverage
All products are offered on single limit basis.
Ada Re, Ltd. is registered in Bermuda under registered number 55807, is registered as a Segregated Accounts Company and a Special Purpose Insurer and is regulated by the Bermuda Monetary Authority.
Ada Capital Management Limited is registered in Bermuda under registered number 55792 and is regulated by the Bermuda Monetary Authority.