Hiscox Re & ILS, the reinsurance and insurance-linked securities (ILS) arm of Hiscox Group, has changed its name to Hiscox Re in a move designed to provide clearer, more streamlined products to cedants, brokers, institutional investors and re/insurance partners.
The firm also formed Hiscox Capital Partners to consolidate the capital activities it has managed for nearly two decades into a single structure.
Hiscox Re explained: “We have a long track record of working with our capital partners and this formal approach makes it easier for them to access Hiscox Re’s underwriting expertise through customized, transparent solutions, while continuing to support our cedants and brokers, allowing us to deliver expanded solutions and meaningful capabilities in a streamlined manner.”
Liz Breeze, who was appointed to lead the Hiscox Capital Partners team last year, has more than 20 years of insurance experience and has been with Hiscox for more than 14 years in group and retail roles and as chief financial officer of Hiscox Re.
“Liz brings deep capital markets insight, reinsurance expertise and strategic leadership to guide Hiscox Capital Partners’ continued growth and strengthen our relationships with our capital partners,” Hiscox Re said.
Meanwhile, Vincent Prabis will continue to serve as managing principal of Hiscox Capital Partners in a senior leadership role, bringing extensive experience in capital solutions and long-standing relationships with the investor community.
Hiscox Re concluded: “Together with Hiscox Re CEO Kathleen Reardon and the wider Hiscox Re leadership team, they continue to focus on growing our capabilities and delivering additional solutions to cedants, brokers, institutional investors and re/insurance partners.”
Hiscox Re consists of Hiscox Group’s reinsurance business and capital partnership platform. Reinsurance is underwritten through Bermuda and London, focusing on property and professional risks.