Kiskadee Investment Management

Hiscox Re & ILS, the reinsurance and third-party capital focused unit of the global insurer, has been taking underwriting actions following the losses of the last two years, but isn’t convinced anticipated rate rises in Florida will be sufficient.

Hiscox said that it has continued to see sustained demand for its Hiscox Re ILS funds, despite the impacts of major losses over the last year and the firm has launched a new ILS strategy in January with a focus on accessing primary insurance returns.

The Hiscox Re ILS funds grew their assets under management again in the third-quarter of 2018, a period when parent Hiscox continued to find opportunities for premium growth, although at a slower rate than the start of the year.

Hiscox Re Insurance Linked Strategies Ltd. (Hiscox Re ILS), the manager of third-party reinsurance investment funds at re/insurer Hiscox, has grown its assets under management again to reach $1.6 billion, as the ILS business helped Hiscox also grow its catastrophe premiums.

The Hiscox Re & ILS business, which is made up of the reinsurance underwriting and insurance-linked securities (ILS) management at global specialist re/insurer Hiscox Group, underwrote significantly more premiums during the first-quarter of the year, but noted that it had to fight hard for it.

Hiscox Re Insurance Linked Strategies Ltd. (Hiscox Re ILS), the manager of third-party reinsurance capital funds at Hiscox, has grown its assets under management to a new high at $1.5 billion after attracting additional capital following the losses of 2017 and now plans to expand its product range too.

Hiscox Group, the specialist insurance and reinsurance firm, has experienced further growth in its Hiscox Re ILS funds in the last quarter, but following the major catastrophe losses is witnessing “material hardening” with some property catastrophe reinsurance rates expected to be up as much as 30%.

The insurance-linked securities (ILS) and collateralized reinsurance fund management business at re/insurance group Hiscox continues to drive growth in the firms reinsurance segment, with ILS assets under management at Hiscox Re & ILS now exceeding $1.35 billion.

Global insurance and reinsurance specialist Hiscox has reported that its insurance-linked securities (ILS) funds recorded increased assets under management (AuM) to $1.3 billion in the first-quarter of 2017, while the firm continues to manage the softening cycle by shifting its underwriting focus.

Hiscox Re, the reinsurance part of the Hiscox Re & ILS division, has announced a new hire and an executive change, as Adam Szakmary who left ILS manager Blue Capital Management recently. Another change at the company involves Michael Jedraszak, who is leaving from his role as Chief Investment Officer of the ILS unit at […]