Hiscox

Hiscox unveils London market cyber product

Hiscox has launched a new London Market cyber product called CyberClear365 that is built around three principles of cover, claims and additional cyber services.

Markel swoops on Hiscox Re for head of North American property reinsurance in London

Markel International has appointed Nick Lazarus as managing director of North American property reinsurance based in London.

Hiscox grows top line in Q1 as rates climb

London-listed carrier Hiscox has witnessed a 3.3 percent uptick in gross written premium in the first quarter of 2019 – writing $1.165bn in constant currency at group level – on the back of improved rating conditions.

DLA’s NotPetya claim denial not because of war exclusion, says Hiscox

Hiscox is being challenged by DLA Piper for refusing a multimillion pound claim from the NotPetya cyber attack but the UK insurer has denied reports it was because of a war exclusion.

Hiscox buoyed by London market as retail arm forecast to fall at Q1: Jefferies

Lloyd’s insurer Hiscox, which recently joined the FTSE 100, is expected to report lower than expected results in Retail for the first quarter 2019 due largely to a cut back in D&O and headwinds in UK home insurance, according to equity analysts Jefferies.

2019 a ‘consolidation year’ for Hiscox: Masojada

Hiscox will focus on consolidating the sweeping changes it has made to its London market business for the year ahead as the insurer looks to target growth in cyber and other profitable specialty lines, the London blue chip insurer’s CEO has said.

Hiscox reports 94.9% CR as profits triple at full year

Blue chip Lloyd’s insurer Hiscox saw pre-tax profits triple at full year 2018 with its London market business the standout performer which returned to growth and profit despite the spate of costly third and fourth quarter natural catastrophes.

Axa swoops on Hiscox for UK COO

Paris-headquartered Axa has named Shali Vasudeva as chief operating officer of Axa UK and Ireland.

Hiscox Re's Lazarus departs

Hiscox Re’s senior non-marine treaty underwriter Nick Lazarus has resigned from the firm, The Insurer can reveal.

Hackers target Hiscox and Lloyd’s in 9/11 data breach: report

The FBI is undertaking an investigation into the theft of some 18,000 insurance and legal documents relating to the 11 September attacks by a hacker, according to reports.

Hiscox names Bob Thaker UK CEO

Hiscox has named Bob Thaker its next UK chief executive officer, with the exec set to take reins in March.

Fidelis poised to launch 2019 sidecar

Bermuda hybrid (re)insurer Fidelis Insurance Holdings is working on a second sidecar to provide further collateralized capacity to sit alongside its underwriting portfolio, The Insurer has learned.

The CatCo crunch…

*1.1 Retro quotes being re-priced ** Ajit’s phone “already ringing” *** Late renewal just got a lot tougher On the 9 November 2017, Hiscox CEO Bronek Masojada predicted a hardening reinsurance market based on the inability of ILS funds to “reload” after 2017’s HIM losses which, as we now know, totalled over $100bn.

Hiscox’s Jeremy Pinchin to retire

Jeremy Pinchin, the man who won many plaudits for his stewarding of Lloyd’s claims-paying response to the 9/11 attacks, will retire from Hiscox plc after 13 years in various senior roles.

Hiscox Re & ILS swoops on Ariel Re for international chair

Hiscox has named former Ariel Re underwriter Daniel Vestergren as chair of international of its reinsurance and alternative capital arm - Hiscox Re & ILS.

Bronek was a year too early...

Bronek wasn’t wrong, just a year too early.

Hiscox shares fall after 2H 2018 cat losses

Shares in Lloyd’s insurer Hiscox plc closed down almost 6 percent today (5 November) – at 1552p - as investors responded negatively to the London-listed carrier’s trading statement which revealed a higher than expected $125mn of net losses from the recent nat cat events.

Hiscox takes $125mn hit from 2H cats; London market rates up

Blue chip Lloyd’s insurer Hiscox plc said this morning that it is experiencing healthy rate increases in most segments of its core London market book while taking a $125mn hit from the flurry of 2H cat losses.

Lloyd’s imposing capital loads on 2019 syndicates

The expectation is growing that Syndicates trading in 2019 will do so with higher capital requirements compared to this year and in many cases with reduced top-lines.

Flagship Canopius syndicate to cut 2019 gross premiums by £80mn

Top-ten Lloyd’s insurer Canopius will cut gross premiums by £80mn for its flagship Syndicate 4444 for 2019 as further evidence of the Corporation’s determination to de-leverage the market after the decline in overall performance levels in recent years.

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