Hiscox London Markets is strengthening its position in the authorized and alternative risk sectors with the launch of a new division, Hiscox Portfolio Solutions.
The division will be comprised of four distinct but complementary teams: Alternative Risks, Beta-Follow, Global MGA and Structured Solutions.
Written in the Hiscox London market since 2015, Alternative Risk selectively supports world-class underwriting expertise targeting the most profitable market segments.
Beta-Follow supports cross-category facilities from select brokers to create diversified risk portfolios with high indexation.
Global MGA partners with MGAs to provide strategic support and create diversified risk portfolios. This involves a limited number of key MGA relationships, leveraging the Hiscox London Market and Hiscox Retail divisions.
Structured solutions focus on multi-year and/or multi-line policies where traditional insurance solutions may not fully meet a customer’s individual needs.
The unit builds on established skills within the business, particularly in the alternative risk space, a proven proposition that Hiscox has been marketing for a decade.
As data and advanced analytics are combined with more traditional underwriting skills, significant opportunities arise to deliver innovative insurance solutions in areas where customers are seeking alternatives to traditional risk transfer and to support data-led authorisations, where Hiscox can provide strong underwriting capabilities.
Hiscox is assembling the Hiscox Portfolio Solutions team, which includes experienced underwriters and commercial actuaries across multiple business areas, providing the analytical expertise needed to deliver deep portfolio insights. This hybrid approach leverages diverse skills to produce market-leading results over the long term.