On April 1, 2026, Hamilton Insurance Group, Ltd. (the 'Group') announced the execution of a new Investment Agreement with Two Sigma Hamilton Fund, LLC (the 'Fund') and its associated entities. This agreement replaces the previous Commitment Agreement dated July 1, 2023, which had been amended in January 2025. Under the new terms, Hamilton Re, Ltd., a subsidiary of the Group, commits to maintaining an investment in the Fund of at least $1.8 billion or 60% of the Group's net tangible assets, whichever is lower. The Investment Agreement introduces a two-tier withdrawal structure, allowing for more flexible capital management. Withdrawals from the Fund will be categorized into Sub-Series A and Sub-Series B Interests, with different notice requirements and withdrawal limits for each category. This strategic move is expected to enhance the Group's liquidity and operational execution while providing a clearer framework for capital allocation and withdrawal processes. The agreement also includes provisions for allocation targets, notice requirements for changes in control, and quarterly certification requirements, which are designed to strengthen governance controls and ensure compliance with legal and regulatory standards. The Group's proactive approach in restructuring its investment commitments reflects a strategic outlook aimed at optimizing its financial position and enhancing shareholder value.
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