Hamilton Insurance Group, Ltd. Announces Launch of Initial Public Offering

HAMILTON, BERMUDA, November 1, 2023 - Hamilton Insurance Group, Ltd. ("Hamilton" or "the Company") announced today the launch of its initial public offering of 15,000,000 of its Class B common shares pursuant to a registration statement on Form S-1 filed with the US Securities and Exchange Commission ("SEC").

The offering consists of 6,250,000 Class B common shares offered by the Company and 8,750,000 Class B common shares to be sold by certain of the Company's current shareholders. In addition, the underwriters will have a 30-day option to purchase up to an additional Class B 2,250,000 common shares from the selling shareholders. The initial public offering price range is expected to be between $16.00 and $18.00 per share. The Class B common shares are expected to trade on the New York Stock Exchange under the ticker symbol "HG."

The Company intends to use the net proceeds it receives from the offering to make capital contributions to its insurance and reinsurance operating subsidiaries, for use by its three operating platforms, which should enable the Company to take advantage of ongoing favorable market conditions in the markets in which the Company operates by writing more business pursuant to its strategy. The Company will not receive any proceeds from the sale of its Class B common shares by the selling shareholders.

Barclays and Morgan Stanley are acting as Joint Lead Bookrunning Managers for the proposed offering. Citigroup and Wells Fargo Securities are acting as Joint Bookrunning Managers for the proposed offering. BMO Capital Markets, Dowling & Partners Securities LLC, JMP Securities, A Citizens Company, Keefe, Bruyette & Woods, A Stifel Company, and Commerzbank are acting as co-managers for the proposed offering.

The proposed offering of the Company's Class B common shares will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847 or by email at [e-mail] or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department.

A registration statement relating to the Class B common shares has been filed with the SEC but has not yet become effective. The Class B common shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Class B common shares nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Hamilton Insurance Group, Ltd.

Hamilton Insurance Group, Ltd. ("Hamilton") is a Bermuda-headquartered company that underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries.

Media Contact:
Kelly Corday Ferris
[e-mail]

Investor contact:
Jon Levenson
[phone]
[e-mail]