HISCOX AND RKH LAUNCH E&S LIABILITY CONSORTIUM

Hiscox has launched a liability consortium for difficult to place US excess and surplus lines with backing from six Lloyd’s syndicates. The consortium, launched in partnership with RKH Reinsurance Brokers, will have a maximum line in excess of $20m providing cover for liability risks such as wildfire, trucking and construction. Hiscox said more than $1m of gross written premium has already been bound through the consortium, through which Hiscox is able to bind capacity on behalf of its follow market. Ed Wallis, general liability line underwriter at Hiscox London Market, said the launch was in response to challenges faced by some highly exposed industries in finding capacity.