Reinsurance News
Hiscox Re & ILS
Reduced Florida exposure the “most prudent course” despite higher rates: Hiscox
15th June 2020
Despite reports of some meaningful rate increases across the property catastrophe reinsurance sector at the mid-year renewals, Hiscox's Ross Nottingham has warned that improvements could be offset by the rise in the cost of risk in Florida. After consecutive heavy loss years, some fairly significant loss creep and low interest rates, ... Read the full article
Hiscox pulls out of casualty reinsurance
18th November 2019
Global specialist re/insurer Hiscox has announced its intention to cease writing casualty reinsurance business, due to “ongoing, challenging market conditions.” Concerns over issues such as pricing and reserving mean that the company no longer considers this business to be sustainable. Instead, its reinsurance division, Hiscox Re & ILS, will continue to focus ... Read the full article
Hiscox grows premiums 7% YTD, sees more rate firming ahead
4th November 2019
Hiscox Group has grown its overall business by more than 7% in 2019 so far, as the insurance and reinsurance company takes advantage of higher rates and looks forward to what it believes will be a third year of firming prices in the London market. Hiscox has experienced growth across its ... Read the full article
Hiscox Re & ILS announces leadership reshuffle
1st August 2019
Global re/insurer Hiscox has announced two new appointments within its Hiscox Re & ILS division, following the recently announced appointment of Megan McConnell as CUO, Hiscox USA. With McConnell relocating to Manhattan, Andrew Dolphin has been named as her successor as Director of Underwriting - London, subject to board and ... Read the full article
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