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. 

Hiscox Re has promoted Conor Husbands to Head of Specialty, taking on full management responsibilities for the Hiscox Re Specialty team across London and Bermuda.