Hiscox

Hiscox strengthens London energy team with Chubb’s Thanduparakkal

Hiscox has bolstered its energy insurance capabilities in London with the hire of Riaz Thanduparakkal from Chubb as the London-listed carrier looks to support clients as they shift towards cleaner and greener technologies.

Hiscox boosts ILS unit with hire of Scor’s Prabis

Hiscox has appointed Vincent Prabis as managing principal of its Hiscox ILS business.

Hiscox settles HAG BI claims case for £18mn: reports

London-listed insurer Hiscox has paid out more than £18mn ($24.9mn) to members of the Hiscox Action Group (HAG) over losses suffered as a result of the Covid-19 pandemic.

European P&C stocks build on momentum to make H1 gains

European P&C equities underperformed banks, technology and travel and leisure stocks in the six months to 30 June but maintained strong upward momentum as investor sentiment continued to rise

Hiscox settles BI arbitration case with UK policyholder action group

London-listed Hiscox and the members of the Hiscox Action Group have reached an undisclosed settlement in respect of the arbitration proceedings brought by the policyholder group’s members relating to business interruption losses suffered as a result of the pandemic lockdowns.

Hiscox and Amwins launch cover for energy consultants

In response to a shift in energy companies’ hiring behaviour after being hit hard by a collapse in the oil price last year, Hiscox and Amwins have teamed up to offer a combined professional and general liability insurance e-trading product for oil and gas consultants in the US.

London market CFO Nielsen leaves Hiscox role

Christian Nielsen has left his role as chief financial officer at Hiscox London Market, The Insurer understands.

Hiscox makes US distribution team leadership changes as it progresses with small biz focus

Hiscox has appointed Bob Gadaleta head of distribution in the US in one of five management changes as it pushes ahead with its strategy of focusing on smaller businesses in the country.

Hiscox strengthens UK boards with Illingworth, Cliff and Hayes appointments

Hiscox has strengthened the boards of its two UK legal entities with the appointment of three new independent non-executive directors, including MS Amlin’s former chief underwriting officer James Illingworth.

RBC: Beazley best positioned for turnaround as listed Lloyd’s stocks lag European peers

Beazley is best positioned among listed Lloyd’s insurers to turn around a disappointing share price performance which has underperformed the SXIP European insurance index, according to RBC analyst Kamran Hossain.

Insurers making slow progress on BI test case payouts

Claims settlements following the resolution of the Financial Conduct Authority (FCA)’s test case on Covid-19 business interruption (BI) claims are continuing to emerge at a slow pace, data published by the regulator has revealed.

Hiscox names RSA’s Perry head of art and private client distribution

Hiscox UK has appointed Cheralyn Perry to the newly created role of head of art and private client (APC) distribution.

Hiscox trades up as transfers US surplus lines broker liabilities to Enstar

Shares in London-listed Hiscox were up over 4 percent this morning after the carrier revealed a $520mn legacy transaction which transferred the historical liabilities of some selected lines from Syndicate 3624 – including most of Hiscox USA’s surplus lines broker business – to Enstar.

Enstar agrees $520mn LPT for Hiscox Syndicate 3624 portfolio

Enstar Group has unveiled a $520mn loss portfolio transfer (LPT) for legacy Hiscox business, the latest in a series of transactions with large international P&C carriers.

Masojada: market hardening to continue until 2023

Hiscox CEO Bronek Masojada has said that the (re)insurance market will continue to benefit from hardening rates for the next two years after the carrier reported top-line growth driven by favourable pricing momentum in the first quarter of 2021.

Hiscox LM enjoys rate-fuelled Q1 GWP growth as it posts $47mn Uri loss reserve

Hiscox’s London Market arm has reported first-quarter top-line growth of 9.3 percent – 9 percent in constant currency – driven by favourable rate momentum, with rates up 13 percent across the portfolio.

Kerridge named Hiscox USA CEO as Langan returns to UK

Kevin Kerridge has been appointed the successor to Steve Langan as CEO of Hiscox USA, with the change effective from 15 May.

Hiscox brings in Hamilton’s Patten to bolster casualty unit

Hamilton’s Lloyd’s head of casualty Robert (Bob) Patten has followed a trio of liability colleagues to the exit door, taking on a role at Hiscox following an exodus from the London-listed carrier’s general liability unit, The Insurer can reveal.

Hiscox Re & ILS adds von Herberstein as underwriting partnerships manager

Hiscox Re & ILS has hired Mary Margaret von Herberstein as underwriting partnerships manager in a role which will see her work with the platform’s quota share capacity providers, brokers and clients.

Szakmary to exit Hiscox for AlphaCat CUO role

Adam Szakmary is leaving his position as co-CUO for Hiscox Re & ILS and director of underwriting for Hiscox Insurance Company (Bermuda) to take up the role of CUO at AIG’s ILS manager AlphaCat, The Insurer can reveal.

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