The rebrand accompanies the launch of Hiscox Capital Partners, bringing together capital activity the company has managed for nearly two decades.
The company explained that the platform will make it easier for capital partners to access Hiscox Re's underwriting expertise through tailored solutions while supporting cedants and brokers with expanded capacity.
Hiscox Re crossed the US$1 billion threshold in insurance contract written premium in 2024, reaching US$1.03 billion - a 4.7% increase year-over-year. The division posted a pre-tax profit of US$267.5 million for 2024, up from US$221.4 million in 2023.
Within Hiscox Group, which reported total insurance contract written premium of US$4.77 billion in 2024, the reinsurance division represents approximately 22% of group premiums. The division also generated roughly US$120 million in fee income from its third-party capital management activities, providing additional revenue beyond underwriting profits.
Reinsurance is written through both Bermuda and London, with a focus on property and specialty risks including catastrophe, casualty and marine lines.
Insurance-linked securities enable insurers to transfer risk from their balance sheet to capital market investors.
Typically, an insurer issues a Special Purpose Vehicle that provides reinsurance and issues securities to investors. Key structures include catastrophe bonds, where investors take on catastrophe risk in exchange for premium payments, and sidecars - collateralized reinsurance vehicles allowing investors to participate via quota share agreements.
These instruments appeal particularly to pension funds, sovereign wealth funds and endowments because returns aren't correlated to traditional financial markets. The ILS market has grown from zero three decades ago to US$185 billion.
Liz Breeze will lead the Hiscox Capital Partners team following her appointment last year. She brings more than 20 years of insurance experience and over 14 years at Hiscox, including roles as chief financial officer of Hiscox Re.
Vincent Prabis continues as managing principal of Hiscox Capital Partners, bringing experience in capital solutions and investor relationships.
Together with Hiscox Re CEO Kathleen Reardon and the wider leadership team, they will focus on developing capabilities and offering additional solutions to market participants.
ILS assets under management stood at US$1.3 billion at the end of September 2025, following planned capital returns to investors. The company noted a strong pipeline of potential future investors, demonstrating continued interest ahead of the formal platform launch.
