Hiscox Re Insurance-Linked Strategies
-
Samild held multiple roles including head of alternatives at the Future Fund. -
Reinsurers are confident on cat rates and ready to deploy ILS capital.
-
Around 95% of the Hiscox Re & ILS portfolio is rated rate “adequate” or better.
-
The carrier posted its H1 results earlier today, beating analyst consensus.
-
The unit said capital in the ILS market remains more than adequate to meet rising demand.
-
The unit’s premium reduced by 4% for the first quarter.
-
The cost of reinstatement was included in $170mn wildfire net loss figure.
-
The firm reported record fee income of $128.2mn in 2024, up 26%.
-
Strong growth in fee income builds on the favourable rating environment.
-
The firm sees a "robust" pipeline of potential investors ahead of the renewals.
-
The class of 2023-24 cat bond funds will grow existing investors and add new ones.
-
The CEO cited ‘no change’ in appetite from a shift in the capital mix.
-
Fee income at the Re & ILS division grew by 58% to $44.3mn in H1.
-
He left his role as portfolio manager at Hiscox Re & ILS last year.
-
The firm’s AuM was down 17% on $1.8bn as of 31 December.
-
The firm’s assets under management dropped to $1.6bn, as a capital return more than offset new inflows.
-
The bond, which increased in size by 25% to $125mn, priced at the lower end of the previously guided range.
-
The Australian sovereign wealth fund first allocated to the ILS manager in 2016.
-
Hiscox said outflows from the ILS unit were offset by "record returns" in Q3.
-
The industry’s ability to draw new capital will hinge on the outcome of the Atlantic hurricane season.
-
The reinsurance and ILS unit posted strong net premium growth supported by additional capital from Hiscox Group.
-
The ILS expert had joined as a portfolio manager in 2018 from Ontario Teachers’ Pension Plan.
-
The reinsurer manager described Q3 net inflows as “broadly stable”.
-
The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.
