21 February 2018

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Hiscox plans 65% fac surge in 2018

12 October 2017

Hiscox's core Lloyd's platform, Syndicate 33, is planning a 65 percent uplift in facultative gross written premium (GWP) for 2018 as it seeks to take advantage of propitious market conditions following the recent cat concatenation.

According to plans submitted to Lloyd's, fac GWP is expected to rise by 65 percent next year to £78.8mn (2017: £48mn).

The Lloyd's stalwart's backing for fac is part of a wider syndicate pre-emption, with plans to increase its 2018 stamp capacity by £450mn ($594mn)...

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