Recognising ESG performance
Hiscox’s ESG 3033 sub-syndicate provides additional capacity to companies that perform well against a benchmark of environmental, social and governance (ESG) criteria assessed externally by MSCI and Moody’s.
“Offering this exclusive capacity to new and existing clients who can evidence top-rated ESG performance is a big step forward, and shows how the insurance industry is already playing an active role in promoting globally important issues like sustainability and transparency. We are excited to be leading that charge and look forward to building on the capacity offered by ESG 3033.”
Paul Lawrence – Chief Underwriting Officer, Hiscox London Market
ESG 3033 uses the financial strength and expertise of Hiscox’s Syndicate 33, one of Lloyd’s leading syndicates, to provide extra risk capital to businesses with strong ESG credentials, for example renewable power generators, energy storage providers and electric manufacturers.
ESG 3033's risk appetite
- The same lines of business as Syndicate 33 except: cyber, war, and political violence (including SRCC).
- Property exposures limited to non-critical catastrophe (critical catastrophe defined as US earthquake and windstorm, European flood, Asian flood, and Japanese earthquake and windstorm).
- Open market placements only.
How clients will benefit from ESG 3033
- Access to additional and exclusive capacity supported by the financial strength and underwriting expertise of one of Lloyd’s leading syndicates.
- Up to 25% of Hiscox’s Syndicate 33 line, subject to a maximum of US$/£/€/CA$ 10 million.
To find out more, please contact:
Facing the future together