Hiscox charts course for specialty line growth in 2024: CEO Reardon
In a dynamic response to the evolving landscape of the hard market, Hiscox Re & ILS is gearing up for further expansion into specialty lines. Kathleen Reardon, Hiscox Re & ILS CEO, has shared her insights with Bermuda:Re+ILS into the company's growth strategies for 2024.
In a recent interview with Bermuda:Re+ILS for a Voices of Bermuda 2023 article, Reardon said that Hiscox Re & ILS had added capacity as the market began to harden a year ago—a move that appears to have paid off. “I’m pleased to say that we are leaders. We entered this hard market on a strong footing."
Reardon told Bermuda:Re+ILS that Hiscox Re & ILS envisions a path to growth, particularly in specialty lines. She emphasised the importance of getting the right rates for products, enabling the company to explore new opportunities and developments.
She said: “We have continued interest in growing our other specialty classes being marine energy, aviation, terror and cyber. There’s a lot of opportunity to step up to and serve our long-standing clients.”
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