Reinsurance News
Hiscox Re & ILS
Minesh Shah appointed Director of Underwriting Risk for Hiscox Re & ILS
19th April 2023
Hiscox Re & ILS, the reinsurance and insurance linked securities arm of Hiscox, has announced that it has appointed Minesh Shah as its new Director of Underwriting Risk. Shah will join the firm on May 1, 2023. Within his new role, he will be responsible for driving optimisation across Hiscox Re ... Read the full article
Hiscox reports best underwriting result since 2015
8th March 2023
Insurer and reinsurer Hiscox has today announced underwriting profit of $269.5 million for 2022, its highest since 2015, despite the impacts of elevated large natural catastrophes and man-made losses. Year-on-year, the underwriting result across the group improved by around $54 million, as the combined ratio strengthened from 93.2% in 2021 to ... Read the full article
The world needs a new reinsurance industry that has more respect for its capital: Albert Benchimol
14th October 2022
The global reinsurance industry is undoubtedly a vital part of the risk value chain, but it needs to go back to basics and avoid the mistakes of the last five to 10 years, according to industry experts. Speaking yesterday on the final panel of the opening day of ILS Bermuda's 2022 ... Read the full article
There are opportunities in ‘complex’ and uncertain environment: Reardon, Hiscox Re & ILS
14th September 2022
The eyes and brains of the re/insurance industry are assessing the state of the landscape, trying to make sense of not only where the industry is, but in which direction it is heading. To talk about this, Kathleen Reardon, CEO of Hiscox Re & ILS, sat recently with Reinsurance News around ... Read the full article
“Laser focus” on building best possible portfolio key for reinsurers: Reardon, Hiscox Re & ILS
13th September 2022
Hiscox Re & ILS Chief Executive Officer, Kathleen Reardon, sat down with Reinsurance News to share her thoughts regarding the importance of diversification for reinsurers, particularly as many look to reduce catastrophe exposures. Reardon said: “Most reinsurers endeavour to deploy a multi-line strategy - for example, at Hiscox Re & ILS, ... Read the full article
Hiscox sees opportunities at hard 1/1: Kathleen Reardon
11th September 2022
Kathleen Reardon, Chief Executive Officer (CEO) at Hiscox Re & ILS, has said that she sees “interesting opportunities” for her company at the upcoming January 1st renewals, as signs point to continued reinsurance price increases. Speaking in a recent interview with Reinsurance News, Reardon explained that “the direction of travel currently ... Read the full article
Hiscox reports solid underwriting performance, but investments drive H1 net loss
3rd August 2022
Global re/insurer Hiscox has fallen to a loss of $107.4 million in the first half of 2022, as a negative investment result more than offset an improved underwriting performance in the period. The loss for H1 2022 compares with profit of $133.4 million a year earlier, with Hiscox highlighting a strong ... Read the full article
Hiscox returns to profit in 2021, produces strongest underwriting result in five years
2nd March 2022
Insurer and reinsurer Hiscox has reported profit of $190.8 million for 2021 against a loss of $268.5 million in the prior year, as the company produced its strongest underwriting result in five years. Despite elevated catastrophe activity, Hiscox has reported an underwriting gain of $215.6 million for 2021, compared with a ... Read the full article
Hiscox Re & ILS names MS Amlin’s Matthew Wilken as CUO
6th January 2022
Specialist re/insurer Hiscox has announced the appointment of Matthew Wilken, previously of MS Amlin, as the new Chief Underwriting Officer (CUO) for Hiscox Re & ILS, effective January 10th, 2022. Based in Bermuda, Wilken is set to become a member of the Hiscox Re & ILS Executive team and will report ... Read the full article
Hiscox sees 9M GWP rise 6.4% to $3.5bn off strong rate momentum
2nd November 2021
International specialist insurer Hiscox has reported gross premiums written for the first nine months of 2021 of $3,462.9 million, a 6.4% increase driven by strong rate momentum across business segments. Hiscox London Market achieved aggregate rate increases of 13% across the portfolio, with cyber growing at a significant double digit rate. In ... Read the full article
Hiscox reports 93.1% combined ratio as reinsurance returns to profit in H1
3rd August 2021
Insurer and reinsurer Hiscox has announced a turnaround of its financial performance for the first half of 2021, as the carrier's pre-tax profit reached $133.4 million, compared with a loss of almost $140 million for the same period last year. At the halfway stage of last year, Hiscox reported reserves ... Read the full article
Hiscox Re & ILS adds Marlon Williams as senior property underwriter
11th November 2020
Global re/insurer Hiscox has appointed Marlon Williams to serve as a senior property underwriter within its Hiscox Re & ILS division. Williams holds close to 20 years’ experience in the industry and joins from Markel. He most recently served at Markel as Senior Vice President, International Property Cat Underwriter. Prior to this, Williams ... Read the full article
Hiscox Re & ILS names Kathleen Reardon as CEO
21st October 2020
Specialist insurer and reinsurer Hiscox has announced that Kathleen Reardon is to succeed Mike Krefta as Chief Executive Officer (CEO) of Hiscox Re & ILS, subject to regulatory approval. Reardon most recently served as the CEO of Hamilton Re, the reinsurance arm of Bermuda-based Hamilton Insurance Group. She spent her early ... Read the full article
Mike Krefta to leave Hiscox, insurance sector in 2021
3rd August 2020
Specialist insurer Hiscox has announced that Mike Krefta will be leaving the company in 2021 after nearly four years as CEO of Hiscox Re & ILS in Bermuda. Krefta is said to be returning to the UK and will be pursuing interests outside of the insurance sector. He departs after nearly 17 ... Read the full article
Hiscox falls to H1 loss, as Covid-19 reserves rise to $232m
3rd August 2020
Hiscox Group, the specialist insurance and reinsurance underwriter, has fallen to a $138.9 million loss for the first-half of 2020, as it lifted its Covid-19 reserves to $232 million across the group. Previously, Hiscox had estimated that it faced roughly $150 million in claims from the Covid-19 pandemic, but this ... Read the full article
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