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Third-party capital helps Hiscox’s market relevance, expands underwriting capacity: CUO Musselle
['Jack Willard']
News on Catastrophe Bonds, Insurance Linked Securities (ILS) & Investments, Alternative Reinsurance Capital from Artemis.bm
Hiscox Re, the reinsurance operation and third-party capital platform of Hiscox Ltd, continues to utilise its Capital Partners division to gain further relevance in the market, and deploy more underwriting capabilities, according to Hiscox Group Chief Underwriting Officer (CUO), Joanne Musselle.
Recall that Hiscox Re, the reinsurance division of Hiscox Group, earlier this year launched Hiscox Capital Partners as a dedicated business unit to consolidate all its capital partnership activity, which includes both third-party capital and insurance-linked securities (ILS).
Meanwhile during his opening remarks, Aki Hussain, CEO of Hiscox, highlighted how Hiscox Re’s underwriting and risk selecting continues to attract third-party capital providers.
Our disciplined underwriting and risk selecting continue to be recognised by third-party capital providers, driving the top line in the first half,” Hussain told analysts this morning.
“Overall Hiscox Re is delivering disciplined underwriting results and generating attractive fee income through our Capital Partners platform.”