Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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Hiscox to increase capacity by 40%

11 October 2017

Hiscox is seeking to take advantage of a "widespread market turn" by increasing the stamp capacity of its Lloyd's Syndicate 33 by 38.5 percent to £1.62bn ($2.1bn).

The reinsurer has put in a request to Lloyd's to increase its capacity by £450mn ($594mn) following a flurry of losses which have amounted to a $100bn loss of industry capital, it said.

An improvement in market conditions was cited as the cause of the increase in capacity.

"The increase in capacity is...

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