Hiscox Structured Solutions provides a range of innovative structured (re)insurance solutions that help to bridge the gap between self-insurance and risk transfer. Our solutions offer greater long-term stability across pricing and coverage, while allowing clients to benefit from the quality of their own risk management.
An alternative to traditional insurance
We address inefficiencies in the traditional insurance market where cover is either uneconomical, unavailable or otherwise not meeting a client’s individual needs. Typically, clients are larger organisations with a more sophisticated approach to risk management and might have their own captive – although that is not a requirement.
Our products
We offer three main product areas, all of which are available on a mono or multi-line basis:
- Retention Financing Programmes (RFPs)
Provides certainty of coverage and cost for up to five years. - Retrospectively Rated Solutions
Multi-year and low annual deposit premiums with the final premium payable designed to ‘swing’ up or down depending on loss experience. - Aggregate Stop Losses
Single or multi-year, providing sideways protection with the (re)insured retaining the first full limit loss.
Risk-sharing benefits
Each structured solution we develop involves significant risk-sharing features, ensuring a strong alignment of interest between us as the insurer and our clients: if the risk performs well, both parties to the risk are rewarded. With a global appetite we will consider all industries, lines of business, and attachment points, offering clients bespoke cover and flexible wordings.
Claims support
Every product we offer is underpinned by the quality and expertise of our claims team, who will work to efficiently and quickly resolve a claim.
Financial security
As one of the oldest, largest and most established Lloyd’s of London syndicates in the market, we operate with the benefit of Lloyd’s paper and global licensing. In addition, the financial security of Hiscox Group – ‘A’ rating from AM Best and S&P, as well as Lloyd’s ‘A+’ (AM Best) for our Syndicate 33 – provides reassurance of our ability to pay valid claims.
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