A week after Hamilton Insurance Group closed its acquisition of Liberty Mutual’s Pembroke Management Agency at Lloyd’s and its Ironshore Europe DAC business, the Bermuda-based specialty insurer and reinsurer turned its attention toward realizing the potential of its major purchase.

Hamilton CEO Pina Albo said Hamilton is keeping the door open to future, targeted acquisitions that fulfill its business strategy, but it will focus on organic growth in the short and medium term.

“Really the only thing in play right now is celebrating this acquisition and how well it fits into our strategy of building a global diversified specialty insurance and reinsurance operation,” Albo told Carrier Management via telephone interview.

Albo spoke before heading to London to meet with some of Hamilton’s many new colleagues to “discuss some business plans, discuss growth opportunities…and how we might come together quickly.”

The cash transaction (financial details were not disclosed) is the first M&A deal Hamilton forged under the leadership of Albo, a former Munich Re executive who has been CEO since early 2018. With the deal closed, Hamilton’s total premium base has doubled to about $1.1 billion and achieved scale at Lloyd’s, with total managed stamp capacity of about GPB600 million. Hamilton also gains added global underwriting and operational talent, a Dublin-based platform that provides non-Lloyd’s capabilities, and access to the U.S. via excess and surplus lines licensing and reinsurance permissions and to EU markets through passporting rights. Hamilton now has expanded operations in places including include Dublin, the U.S. and Dubai.

For the foreseeable future, Albo said that Hamilton will focus on integrating the platform it has acquired and tapping into its potential to fuel organic growth.

“We have a number of organic opportunities to grow our business, whether that is in the specialty insurance, reinsurance space or fee generation space,” Albo said.

The fee space will be addressed, in part, by Hamilton’s new business unit, its Strategic Partnerships arm, which will oversee areas such as Hamilton Capital Partners, Hamilton’s third-party capital platform.

Future acquisitions will still be part of the equation at some point. Albo explained that there is no sense of urgency to pursue another acquisition, but “mid- to longer-term” the company “will continue to look for other potential acquisitions that will fit our strategy.”

Those areas could include, in part, companies or businesses with specialty insurance or reinsurance focuses, Albo explained.