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Alternative Distribution
ALTERNATIVE DISTRIBUTION
PortfoliosWe are open to any kind of new opportunities, be it a new, niche, or multi-line product written via a binding authority, lineslip, master policy, quota share treaty or Lloyd’s consortium. Each deal is considered on its own merit.
Each deal is reviewed by a portfolio underwriter, assisted by a pricing actuary, who will assess its profitability and income potential based on the data provided.
The ongoing monitoring of the deal once bound will also be carried out by the same portfolio underwriter who will focus on the long term profitability of the portfolio.
Current examples include: Dmulti-line broker and reinsurance portfolio solutions Dcross class quota share treaty of facultative portfolios Dgeneral liability and legal indemnity consortium agreement Drenewable energy extended warranty product.
Line size £10m
Auto extended warranty and asset protectionWe offer flexible extended warranty protection with coverage levels for a wide range of motor vehicles; from motorbikes, to trucks and tyres, available according to product/age/usage. From the highest level of cover offered (all mechanical/electrical), to the lowest level of cover (powertrain), a basic listed parts cover.
Our asset protection is tailored for the auto market and covers the monetary shortfall that may arise following a total loss settlement under a primary motor insurance policy.
Cover underwritten through WhiteOak Underwriting; a business that is constantly developing and refining its product range and IT systems in order to deliver optimum value to clients, both in the UK and overseas.
Line size £1m*
*Any one insured/location.**Any one occurrence/location.
Auto physical damage and motor truck cargoWe underwrite auto physical damage protection on a global basis. Our coverage revolves around ‘wheels- based’ units including:
Dtrucks (both owner operators and fleets) Dprivate vehicles (including high-value) Dmotorcycles Dvehicles for hire (including taxis and buses).
Plus limited cover for: Darmoured units Dmining and hazardous haulage D logging Dforestry Dagricultural Dconstruction equipment.
WhiteOak Underwriting has constructed its own wording for medium and large fleets that includes extra coverage for automatic acquisitions, temporary transportation rental expense, and temporary replacement vehicle physical damage coverage.
Our extendable motor truck cargo liability includes lost, stolen or damaged goods and the policy can be extended to:
Drefrigerated cargo Dunattended trucks Dtarget goods Dvehicle and boat haulers Dheavy and oversize loads Dtrailer interchange.
Line size £2.5million**
Hiscox Alternative Distribution products benefit from:
Daccess to coordinated and highly-experienced contracts, wordings and pricing teams Dthe security of Lloyd’s high quality A+ financial rating (S&P), as well as its Central Fund and the multiple risk participation of the subscription market.
Hiscox Ltd1 Great St Helen’sLondon EC3A 6HX
T +44 (0)20 7448 6000E [email protected]
Registered in England no. 2590623
Hiscox Syndicates Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
This broker communication is for informational purposes only. The coverage afforded by the products described herein are subject to and governed by the terms and conditions of each policy issued. This information may not be used to modify any policy that might be issued. The products described are underwritten by Hiscox Syndicate 33/3624 at Lloyd’s, London. Hiscox Lloyd’s Syndicate 33/3624 are approved surplus lines carriers in the US.
The publication and delivery of this information is not intended to be a solicitation by Lloyd’s for the purchase of insurance on any US risk. 15647 03/16
For more informationTo find out more about Hiscox Alternative Distribution, please get in touch.
Adam HolberryHead of Alternative Distribution+44 (0)20 7448 [email protected]
Mark WallaceHead of Aerospace and Specialty Pricing+44 (0)20 7448 [email protected]
Madison RobinsonUnderwriting Assistant – Alternative Distribution +44 (0)20 7448 [email protected]
