Three-year facility provided by consortium of banks

Hiscox has secured a $750m syndicated three-year revolving credit and letter of credit facility.

Lloyds TSB Corporate Markets, the deal’s co-ordinating mandated lead arranger, put up $150m.

Other banks participating in the facility include Barclays, Commerzbank, Crédit Agricole and ING.

“It was crucial to work with banks that not only had an intricate knowledge of our business, but also of the insurance market,” said Stuart Bridges, chief financial officer at Hiscox, in a statement.

“Lloyds TSB, along with the other four banks involved in putting this deal together, has provided a competitive facility which will enable us to continue the development of our business.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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