Hiscox

According to Hiscox Re & ILS, successful navigation of the reinsurance cycle requires proactive portfolio management, where strategic capital allocation plays a central role alongside diversification, retention strategy, and asset allocation, traits that are all the more important at phases in the market cycle such as we see today.

Hiscox CFO Paul Cooper said this morning during an analyst call that while growth into property catastrophe reinsurance may slow for the group in 2026, given the rate environment, the company may elect to cede more to third-party capital as it continues to be able to attract investors.

Following a strong first-half of the year in which it raised new capital from investors Hiscox ILS, the insurance-linked securities (ILS) investment focused arm of Hiscox Group, saw its ILS assets under management dip to $1.3 billion in the third-quarter after planned returns of capital to its ongoing investors.

According to Hiscox Chief Financial Officer (CFO) Paul Cooper, the majority of the $300 million of third-party capital raised by Hiscox ILS, the insurance-linked securities (ILS) investment focused arm of Hiscox Group, during the first half of 2025, has gone into the organisation’s property catastrophe exposed business.

Hiscox ILS, the insurance-linked securities (ILS) investment focused arm of the Hiscox Group, raised $300 million in capital from new and existing investors through the first-half of 2025, which has lifted its ILS assets under management (AUM) back to $1.4 billion at June 30th.

Hiscox Group has reported that assets under management (AUM) at Hiscox ILS, the dedicated insurance-linked securities (ILS) management arm of the global re/insurer, dipped by $100 million to $1.3 billion in the first-quarter on the effects of the California wildfires.

Hiscox ILS, the dedicated ILS investment management arm of the global insurance and reinsurance group, has hired Jack Ellison, formerly of Walkers, as its new Head of Legal.

Hiscox ILS, the dedicated insurance-linked securities (ILS) management arm of the global re/insurer, generated a record level of third-party reinsurance capital related fee income in 2024, helped by strong performance fees and significant new inflows during the year.

Hiscox is expecting property catastrophe reinsurance to remain a “very attractive” market in 2025, according to group CFO Paul Cooper, who speaking this morning said the firm expects to continue incrementally deploying capital to that space.

Hiscox ILS, the dedicated insurance-linked securities (ILS) management arm of the global re/insurer, saw its ILS assets under management (AUM) recover back to $1.5 billion in the third-quarter of the year and the company is seeing growing interest from investors.