Hiscox Capital Partners

Our platform connects our partners to the superior risk selection and portfolio construction capabilities of Hiscox Group through structures that meet their individual needs. Strong governance and aligned Hiscox participation ensure we stand side-by-side with our partners, bringing clarity, resilience and long-term value.

About us

Hiscox Capital Partners is a dedicated division within Hiscox Re, the Group’s reinsurance business written through Bermuda and London - focused on property and specialty risks. The platform offers capital partners access to our underwriting expertise and risk selection through private insurance‑linked securities (ILS) and Catastrophe Bond Funds, Syndicate 6104, sidecars and quota share partnerships.

Hiscox Capital Partners was established in response to demand from capital partners for access to Hiscox Re’s portfolios and long track record of market outperformance. Working with capital providers is a core part of the wider Hiscox Group strategy, enabling scale and growth alongside access to high‑quality risks aligned to partners’ risk‑return profiles.

Our value proposition/approach

Values proposition

 

Our offering

ILS Funds

These are our flagship funds. We can also tailor portfolios based on individual risk and return profiles, and the structuring requirements of our capital partners. 

  • Inception date - 1 January 2024
  • Investment strategy - The Apex catastrophe (cat) bond Fund generates attractive returns by investing in cat and other ILS bonds worldwide. It offers bi-monthly liquidity and is focused on United States (US) peak perils. This strategy targets steady, robust performance over time
  • Available structure - Comingled Fund or Single Managed Account (SMA)

  • Inception date - 1 January 2014
  • Investment strategy - The Diversified Fund is optimised to minimise downside, resulting in moderate returns over the long run. This strategy targets more senior layers of reinsurance, diversified across perils and geographies. Is has broader diversification, preferred terms, and maximum underwriting capabilities when compared to our cat bond only strategy
  • Available structure - Comingled Fund or SMA

  • Inception date - 1 January 2007
  • Investment strategy - The Select Fund balances downside management and return maximisation, resulting in equity-like returns over the long-run. This strategy targets participation across reinsurance programmes, diversified across perils and geographies but is tilted to peak perils. This portfolio is fully aligned with Hiscox Re across all property cat excess of loss lines
  • Available structure - Comingled Fund or SMA

  • Inception date - 1 January 2020
  • Investment strategy - The Cadence Fund is optimised to maximise the return per unit of risk for investors and has the highest risk tolerance of our portfolios. The strategy leverages Hiscox’s balance sheet to optimise capital efficiency. It has the flexibility to pivot toward the most attractive market segments, with participation across reinsurance programmes, perils and geographies. This portfolio seeks dislocated market opportunities more actively
  • Available structure - Comingled Fund or SMA

Quota share partnerships and sidecar

These are aligned structures that share risk and reward with transparency. 

  • Inception date – 2007
  • Investment strategy – This is a fully aligned slice of Hiscox portfolio via rated paper and collateralised capacity

  • Inception date - 2024
  • Investment strategy – This is a fully aligned slice of Hiscox portfolio accessible via dedicated a special purpose vehicle structure.

Syndicate 6104

This is an aligned structure that benefits from the Lloyd’s framework and capital efficiency, accessed directly or through London Bridge 2 structure.

  • Target investor – Names and corporate capital
  • Investment strategy – This is a Special Purpose Arrangement of Syndicate 33.

This is a Special Purpose Arrangement of Syndicate 33

The team

Kathleen Reardon
Chief Executive Officer, Hiscox Re
Profile

[email protected]
Liz Breeze
Head of Hiscox Capital Partners
Profile

[email protected]
Jan-Hendrik Hein
Head of Investor Partnerships
Profile

[email protected]
MM von Herberstein
Head of Underwriting Partnerships
Profile

[email protected]
Jonas Muir Wood
Head of Investments, Hiscox Capital Partners
Profile
Jonas Muir Wood

[email protected]

Insights

Explore our latest perspectives on market cycles, portfolio resilience and investor partnerships. Featured resource: White Paper – Navigating Market Cycles: Our approach to resilience and partnership.

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Contact

For investor enquiries or to learn more about Hiscox Capital Partners, please contact us.

Contact us

Curious? Find out more about us – [email protected]

HISCOX

Our ratings and memberships

Hiscox ILS



Hiscox Insurance Company
(Bermuda) Limited

A

A.M. BEST

A

S&P

Syndicate 33 at Lloyd's

A+

A.M. BEST

AA-

Fitch Ratings

AA-

Kroll Bond Rating Agency

AA-

S&P Global