Hamilton Insurance Group, Ltd. filed a Form 8-K on October 27, 2026, disclosing that its subsidiary Hamilton Re, Ltd. entered into an Amendment and Restatement Agreement on October 26, 2026, revising an existing letter of credit facility used to support Lloyd's of London Syndicate 4000.

Key Highlights

  • Amended letter of credit amount: $330 million, as stated in the filing.
  • Expiration date: The amended letter of credit will expire on December 31, 2030.
  • Facility fee: 150.0 basis points per annum on issued letters of credit.
  • Borrower and applicant: Hamilton Re, Ltd. serves as Borrower and Hamilton Corporate Member Limited (HCML) serves as Applicant under the amended facility.
  • Lenders: ING Bank N.V., London Branch; Commerzbank AG, New York Branch; and Deutsche Bank AG, London Branch.
  • Original facility: The underlying Letter of Credit Facility Agreement was originally dated November 7, 2019, and has been amended previously.
  • Purpose: The facility is utilized to provide a letter of credit applied toward Funds at Lloyd's (FAL) to support the FAL requirements of Lloyd's of London Syndicate 4000.

Hamilton Re's Letter of Credit Facility Amendment: Key Terms and Parties

According to the filing, Hamilton Re, Ltd., as Borrower, along with Hamilton Corporate Member Limited (HCML) as Applicant, Hamilton Insurance Group, Ltd. as Guarantor, and three lenders -- ING Bank N.V., London Branch; Commerzbank AG, New York Branch; and Deutsche Bank AG, London Branch -- entered into the Amendment and Restatement Agreement on October 26, 2026. The agreement modifies an existing Letter of Credit Facility Agreement that dates to November 7, 2019.

The filing discloses that the amended letter of credit, previously unsecured and issued in favor of Lloyd's, will carry an amount of $330 million and is set to expire on December 31, 2030. The facility bears a fee of 150.0 basis points per annum on issued letters of credit, the company reported. The letter of credit is applied toward Funds at Lloyd's to support the FAL requirements of Lloyd's of London Syndicate 4000, according to the filing.

Hamilton Insurance Group, Ltd. (NYSE:HG), incorporated in Bermuda, filed the 8-K on October 27, 2026, under Items 1.01 and 2.03, covering entry into a material definitive agreement and creation of a direct financial obligation or off-balance sheet arrangement, respectively. The full text of the Amendment and Restatement Agreement was filed as Exhibit 10.1 to the Current Report. The filing was signed by Gemma Carreiro, Group General Counsel, on behalf of the registrant.

What Was Disclosed

Hamilton Insurance Group disclosed an amendment to its existing letter of credit facility, setting the amended letter of credit at $330 million, extending its expiration to December 31, 2030, and establishing a facility fee of 150.0 basis points per annum, with the facility supporting Lloyd's Syndicate 4000's Funds at Lloyd's requirements.