Liberty Mutual, an American diversified global insurer, sold London-based Pembroke Managing Agency and Dublin-based Ironshore Europe to Hamilton Insurance Group, the Bermuda-based holding company for insurance and reinsurance operations that underwrite property and casualty risks in Bermuda and at Lloyd's. Financial terms were not disclosed. “For Liberty, the transaction supports our International specialty business by eliminating the multiple Lloyd’s Syndicates and business overlap that resulted from Liberty Mutual’s acquisition of Ironshore,” notes Matthew Moore, President, Liberty Specialty Markets. “Clarifying our operations – including selling Pembroke and focusing on our Lloyd’s Syndicate 4472 – makes it easier for brokers and customers to partner with us to meet their risk management needs.”