Hiscox is to build a collateralized reinsurance insurance linked securities (“ILS”) capability to be launched on January 1, 2017, in addition to an expansion of its fully-fronted ILS fund structures. To reflect the move and the growing range of ILS products it can offer, the ILS team is to rebrand under Hiscox Re Insurance Linked Strategies. Hiscox Re Insurance Linked Strategies will continue to provide capacity to Hiscox Re, which remains the primary contact for reinsurance brokers and clients.
Commenting on the development, Jeremy Pinchin, the chief executive officer of Hiscox Re, said, “We are beginning to write the next chapter of our already hugely successful ILS business. The intended launch of a collateralized reinsurance ILS capability will add further options to investors, clients, and brokers whilst being complementary to our existing funds.”
Richard Lowther as chief operating officer and Michael Jedraszak as chief investment officer for Hiscox Re Insurance Linked Strategies, both reporting directly to Mr. Pinchin, will continue to lead the development of the business.
Learn more: www.hiscoxgroup.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].