Aggregate covers require careful judgment – now more than ever. With mid‑sized events increasing in frequency and severity, the risk of secondary perils shifting, and inflation driving up losses, structures built on historical data alone can appear very differently when allowing for the current risk.Whether you’re renewing an existing program or exploring something new, here are five things worth keeping front of mind when pricing aggregate treaties.

Key takeawaysWildfire liability has become a balance‑sheet‑level risk for U.S. utilities, not just in CaliforniaTraditional casualty towers are no longer aligned with multi‑billion-dollar wildfire loss scenariosPurpose‑built reinsurance solutions can provide scalable protection that supports financial resilience and rating stability for utilities 

Hiscox Re & ILS has now become Hiscox Re, providing a clearer and more streamlined way of presenting our product offering to cedants, brokers, institutional investors and (re)insurance partners. Hiscox Re is launching Hiscox Capital Partners to bring together, under a single structure, capital activity that we have been adeptly managing for the better part of two decades.

Effectively managing the reinsurance cycle is a key element of optimising reinsurance portfolio construction and ensuring long-term profitability.By understanding the cyclical nature of the reinsurance market and implementing strategic adjustments, portfolio managers can enhance their risk management practices, capitalise on favourable market conditions and mitigate potential losses during downturns.