Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Hiscox requests Lloyd’s pre-emption of £450mn

  • Catrin Shi 11 October 2017
  • Hiscox Syndicate 33 plans to increase its 2018 stamp capacity by £450mn ($594mn) to £1.62bn to take advantage of an expected "widespread market turn" following recent major catastrophe events.

    "The increase in capacity is driven by an anticipated improvement in market conditions and a desire to have sufficient capacity available to participate in a widespread market turn," Hiscox said in a statement today.

    The move follows a period of significant catastrophe activity in which more than $100bn of industry capital...

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