Hiscox requests Lloyd's pre-emption of £450mn

Hiscox Syndicate 33 plans to increase its 2018 stamp capacity by
£450mn ($594mn) to £1.62bn to take advantage of an
expected "widespread market turn" following recent major
catastrophe events.
"The increase in capacity is driven by an anticipated
improvement in market conditions and a desire to have sufficient
capacity available to participate in a widespread market
turn," Hiscox said in a statement today.
The move follows a period of significant catastrophe activity in
which more th