Bermudian-headquartered Hiscox Group has rebranded Hiscox Re & ILS as Hiscox Re.

Hiscox Re is comprised of the group’s reinsurance business and capital partner platform. Reinsurance is written through both Bermuda and London, with a focus on property and specialty risks.

The rebrand provides “a clearer and more streamlined way of presenting our product offering”, Hiscox said.

At the same time, Hiscox Re is launching Hiscox Capital Partners to bring together capital activity the company has been managing for nearly two decades.

“We have a long track record of working with capital partners and this formalised approach makes it easier for them to access Hiscox Re's underwriting expertise through tailored, transparent solutions, while continuing to support our cedants and brokers — enabling us to offer expanded solutions and meaningful capacity in a streamlined way,” Hiscox said.

Liz Breeze, appointed last year to lead the Hiscox Capital Partners team, brings more than 20 years' experience in insurance and more than 14 years at Hiscox, including having served as chief financial officer of Hiscox Re.

Vincent Prabis continues as managing principal of Hiscox Capital Partners.

“Hiscox Capital Partners will continue to manage existing relationships while exploring opportunities to expand investor access to Hiscox Re's portfolios as the platform develops,” Hiscox added.