Hiscox completes $116mn loss portfolio transfer for discontinued lines
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Hiscox completes $116mn loss portfolio transfer for discontinued lines

Samuel Casey
03 August 2022
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Hiscox has announced that its London Market segment completed in July a loss portfolio transfer (LPT) reinsuring around $116mn of the group’s share of Syndicate 33 reserves from years 1993-2018.

The transaction protects against reserve deterioration on lines of business the carrier no longer writes, such as professional indemnity and healthcare, as well as classes where risk appetite has been revised, such as US general liability and US D&O.

The...

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News Hiscox Results Legacy
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Samuel Casey
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