Hiscox appoints Breeze Re & ILS CFOHiscox has named Liz Breeze as its chief financial officer of its reinsurance and alternative capital arm - Hiscox Re & ILS.
Hiscox Re & ILS names Dolphin chief operating officerLondon-listed carrier Hiscox has promoted Andrew Dolphin to the position of chief operating officer of its reinsurance and alternative capital arm - Hiscox Re & ILS.
Hiscox to shrink Syndicate 33’s stamp capacity by £200mn next yearHiscox has announced plans to shrink its flagship Syndicate 33’s stamp capacity by £200mn next year as a crackdown by Lloyd’s performance director Jon Hancock rumbles on.
Hiscox shares jump as H2 profits and premiums leapShares in London-listed (re)insurer Hiscox leapt this morning as investors welcomed the strong results posted by the carrier in the first half of the year.
London carriers grab chance for Q1 growth but specialty rates struggleLondon’s remaining listed carriers posted solid top line growth in the first quarter as the impact of last autumn’s catastrophes fed through to pricing, but clouds remain over the outlook for the remainder of the year as capacity remains abundant.
Hiscox top line surges in first quarter as rates harden at 1.1London (re)insurer Hiscox has reported a 20.3 percent rise in gross written premiums (GWP) in the first quarter driven by improved pricing at the beginning of the year.
UPDATE: Hiscox recovers to close down 2%Hiscox’s shares have pared earlier losses to close down 2 percent at 1367p after falling as much as 5 percent on the back of a challenging set of full year 2017 results this morning (26 February).
Hiscox shifts US chief to new London global retail unitHiscox has moved its US CEO Ben Walter to London to head up a newly-formed global retail division from the beginning of July.
Bermudian (re)insurance shares leap following AIG-Validus dealShares in Bermudian (re)insurers have surged in early trading today as investors seek exposure to a further round of consolidation on the island following AIG’s announcement of its mammoth $5.56bn acquisition of Validus.
Hiscox cuts 3Q cat loss estimate; US property rates up 10-50 percentLloyd’s insurance group Hiscox plc saw its shares open up at a new record high this morning as the firm scaled back its loss estimates for the third quarter cat loss events while telling investors it was seeing rate increases of up to 50 percent and “sometimes more” on loss-affected US property lines.
Fidelis launches new MGA arm Pine Walk CapitalFidelis, the Bermudian (re)insurer which launched in June 2015 with circa $1.5bn in capital, has announced the ahead-of-time launch of its first MGA on a new dedicated platform.
Hiscox appoints former Vodafone executive to new London CEO roleThe Hiscox Group has created a new role of London Market business CEO and promoted one of its retail executives Kate Markham to the position.
Headwinds hit Hiscox as pre-tax profits fallHiscox Plc saw shares dip this morning (31 July) after reporting a 50% fall in pre-tax profits for the first half of the year as it battles “ongoing head winds.”