SEC Form SC 13G/A filed by Hamilton Insurance Group Ltd. (Amendment)
Hamilton Insurance Group, Ltd.
|
(Name of Issuer)
|
Class B Common Shares
|
(Title of Class of Securities)
|
G42706104
|
(CUSIP Number)
|
December 31, 2023**
|
(Date of Event Which Requires Filing of this Statement)
|
☐ | Rule 13d-1(b) |
☐ | Rule 13d-1(c) |
☒ | Rule 13d-1(d) |
CUSIP No. G42706104
|
13G
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Page 1 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
|
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Magnitude Capital, LLC
|
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|||
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||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
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|
|||
3
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SEC USE ONLY
|
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||
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|||
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||||
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
|
|
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|||
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||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
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SOLE VOTING POWER
|
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0
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|||
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||||
6
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SHARED VOTING POWER
|
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||
15,096,940
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|||
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||||
7
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SOLE DISPOSITIVE POWER
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0
|
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|||
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||||
8
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SHARED DISPOSITIVE POWER
|
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||
15,096,940
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|||
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||||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
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15,096,940
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|||
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||||
10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
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||
☐
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|||
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||||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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||
26.94%*
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|||
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||||
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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||
IA
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|||
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CUSIP No. G42706104
|
13G
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Page 2 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
|
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||
Magnitude Master Fund
|
|
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|||
|
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||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
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||
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|||
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||||
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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||
Cayman Islands
|
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|||
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||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
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|||
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|
||||
6
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SHARED VOTING POWER
|
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||
11,255,805
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|||
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||||
7
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SOLE DISPOSITIVE POWER
|
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||
0
|
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|||
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||||
8
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SHARED DISPOSITIVE POWER
|
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|
||
11,255,805
|
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|||
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||||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
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||
11,255,805
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|||
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|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
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|||
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|
||||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
20.09%*
|
|
|
|||
|
|
||||
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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||
IV
|
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|||
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CUSIP No. G42706104
|
13G
|
Page 3 of 11 Pages
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1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Magnitude Partners Master Fund, L.P.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
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SHARED VOTING POWER
|
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|
||
2,397,962
|
|
|
|||
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|
||||
7
|
SOLE DISPOSITIVE POWER
|
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||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
2,397,962
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
2,397,962
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
4.28%*
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IV
|
|
|
|||
|
|
CUSIP No. G42706104
|
13G
|
Page 4 of 11 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Magnitude Institutional, Ltd.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Cayman Islands
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,375,626
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,375,626
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,375,626
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
2.45%*
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IV
|
|
|
|||
|
|
CUSIP No. G42706104
|
13G
|
Page 5 of 11 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Magnitude Insurance Master Fund, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
67,547
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
67,547
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
67,547
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
0.12%*
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IV
|
|
|
|||
|
|
CUSIP No. G42706104
|
13G
|
Page 6 of 11 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Benjamin S. Appen
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
15,096,940
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
15,096,940
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
15,096,940
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
26.94%*
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
CUSIP No. G42706104
|
13G
|
Page 7 of 11 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
James Michael Hall
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
0
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
15,096,940
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
0
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
15,096,940
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
15,096,940
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
26.94%*
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
CUSIP No. G42706104
|
13G
|
Page 8 of 11 Pages
|
(a)
|
Name of Issuer:
Hamilton Insurance Group, Ltd.
|
(b)
|
Address of Issuer’s Principal Executive Offices:
Wellesley House North, 1st Floor, 90 Pitts Bay Road, Pembroke HM 08 Bermuda
|
(a)
|
Name of Person Filing: |
This Schedule 13G is being filed by Magnitude Capital, LLC, which is the investment manager for each of Magnitude Master Fund, Magnitude Partners Master Fund, L.P., and Magnitude Institutional, Ltd., and is the
non-member manager of Magnitude Insurance Master Fund, LLC. Magnitude Capital, LLC is controlled by its managing members, Benjamin S. Appen and James Michael Hall. Each of Magnitude Capital, LLC, Magnitude Master Fund, Magnitude Partners
Master Fund, L.P., Magnitude Institutional, Ltd., Magnitude Insurance Master Fund, LLC, Mr. Appen and Mr. Hall is referred to herein as a “Reporting Person,” and are referred to collectively herein as the “Reporting Persons.” The Reporting
Persons are making this single, joint filing and the agreement among the Reporting Persons to file jointly is attached hereto as Exhibit 99.1.
|
|
(b)
|
Address of Principal Business Office or, if none, Residence:
|
The principal business address of each of the Reporting Persons is 200 Park Avenue, 56th Floor, New York, NY 10166.
|
|
(c)
|
Citizenship:
Each of Magnitude Capital, LLC and Magnitude Insurance Master Fund, LLC is a Delaware limited liability company. Magnitude Partners Master Fund, L.P. is a Delaware limited partnership. Magnitude Master Fund is a
sub-trust of the Magnitude Master Series Trust, a Cayman Islands unit trust. Magnitude Institutional, Ltd. is a Cayman Islands exempted company. Each of Mr. Appen and Mr. Hall is a citizen of the United States.
|
(d)
|
Title of Class of Securities:
|
Class B Common Shares | |
(e)
|
CUSIP Number:
|
G42706104 (Reflects the CUSIP International Numbering System (CINS) number for the Issuer’s Class B Common Shares)
|
Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
|
(a)
|
☐
|
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
|
(b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
(c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
(d) | ☐ |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
(e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
(f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
(g) | ☐ | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
(h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
(i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) | ☐ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J) |
(k) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
CUSIP No. G42706104
|
13G
|
Page 9 of 11 Pages
|
Item 4. |
Ownership
|
(a)
|
Amount beneficially owned:
See Item 9 of each cover page.
|
|
(b)
|
Percent of class:
See Item 11 of each cover page.
|
|
(c)
|
Number of shares as to which the person has:
|
|
(i)
|
Sole power to vote or to direct the vote
See Item 5 of each cover page.
|
|
(ii)
|
Shared power to vote or to direct the vote
See Item 6 of each cover page.
|
|
(iii)
|
Sole power to dispose or to direct the disposition of
See Item 7 of each cover page.
|
|
(iv)
|
Shared power to dispose or to direct the disposition of
See Item 8 of each cover page.
|
Item 5. |
Ownership of Five Percent or Less of a Class
|
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person
|
CUSIP No. G42706104
|
13G
|
Page 10 of 11 Pages
|
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
|
Item 8. |
Identification and Classification of Members of the Group
|
Item 9. |
Notice of Dissolution of Group
|
Item 10. |
Certifications
|
CUSIP No. G42706104
|
13G
|
Page 11 of 11 Pages
|
MAGNITUDE CAPITAL, LLC
|
|||
By:
|
/s/ Andrew Messinger
|
||
Andrew Messinger
|
|||
General Counsel
|
MAGNITUDE MASTER FUND
|
|||
By:
|
MAGNITUDE CAPITAL, LLC,
|
||
its Investment Manager
|
|||
By:
|
/s/ Andrew Messinger
|
||
Andrew Messinger
|
|||
General Counsel
|
|||
MAGNITUDE PARTNERS MASTER FUND, L.P.
|
|||
By:
|
MAGNITUDE CAPITAL, LLC,
|
||
its Investment Manager
|
|||
By:
|
/s/ Andrew Messinger
|
||
Andrew Messinger
|
|||
General Counsel
|
|||
MAGNITUDE INSTITUTIONAL, LTD.
|
|||
By:
|
MAGNITUDE CAPITAL, LLC,
|
||
its Investment Manager
|
|||
By:
|
/s/ Andrew Messinger
|
||
Andrew Messinger
|
|||
General Counsel
|
|||
MAGNITUDE INSURANCE MASTER FUND, LLC
|
|||
By:
|
MAGNITUDE CAPITAL, LLC,
|
||
its Non-Member Manager
|
|||
By:
|
/s/ Andrew Messinger
|
||
Andrew Messinger
|
|||
General Counsel
|
|||
/s/ Benjamin S. Appen
|
|||
BENJAMIN S. APPEN
|
|||
/s/ James Michael Hall
|
|||
JAMES MICHAEL HALL
|
Exhibit Number | Description |
99.1
|