Hiscox completes $116mn loss portfolio transfer for discontinued lines
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Hiscox completes $116mn loss portfolio transfer for discontinued lines

Samuel Casey
03 August 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Hiscox_Logo_London_2021.jpg

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...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsHiscoxResultsLegacy
sam casey 2024 ii red 2.png
Samuel Casey
Senior Reporter
Contact
Gift this article