Hiscox Re Insurance-Linked Strategies
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Samild held multiple roles including head of alternatives at the Future Fund. -
Reinsurers are confident on cat rates and ready to deploy ILS capital.
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Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.
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The carrier posted its H1 results earlier today, beating analyst consensus.
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The unit said capital in the ILS market remains more than adequate to meet rising demand.
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The unit’s premium reduced by 4% for the first quarter.
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The cost of reinstatement was included in $170mn wildfire net loss figure.
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The firm reported record fee income of $128.2mn in 2024, up 26%.
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Strong growth in fee income builds on the favourable rating environment.
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The firm sees a "robust" pipeline of potential investors ahead of the renewals.
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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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The CEO cited ‘no change’ in appetite from a shift in the capital mix.
