Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
Hiscox requests Lloyd’s pre-emption of £450mn
- 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...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial