Reinsurance News


Hiscox adds Donna DeMaio as Non-Exec Director

23rd November 2021

Specialist insurer Hiscox has announced the appointment of Donna DeMaio as Independent Non Executive Director, subject to regulatory approval. DeMaio will take over as chair of the Hiscox Audit Committee, succeeding outgoing chair Caroline Foulger who is set to retire at the Annual General Meeting in 2022 after a nine-year term ... Read the full article

Hiscox hires Buchanan as London market casualty Director

19th November 2021

Hiscox, the specialist global insurer, has appointed Colin Buchanan as the new Divisional Director of Casualty for its London Market business, effective November 22nd. Reporting to Paul Lawrence, Chief Underwriting Officer at Hiscox London Market, Buchanan joins from Starr where he was Director and Head of International Casualty. He has over 35 ... Read the full article

Hiscox names Liz Breeze as interim Group CFO

18th November 2021

Global specialist insurer and reinsurer, Hiscox, has announced that the Chief Financial Officer (CFO) of its reinsurance and insurance-linked securities (ILS) unit, Liz Breeze, will take over as interim CFO of the Group. Breeze's appointment remains subject to regulatory approval, and she will assume her new role while the company continues ... Read the full article

Hiscox names Aspen’s Helen Rose as CFO of Hiscox London Market & HSL

5th August 2021

Specialist insurer and reinsurer Hiscox has announced that from February of next year, Helen Rose will serve as the new Chief Financial Officer (CFO) of Hiscox London Market and Hiscox Syndicates Limited (HSL). Based in London, Rose will sit on the Hiscox London Market leadership team, acting as a strategic and ... 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

Aki Hussain to succeed Bronek Masojada as Hiscox Group CEO

22nd July 2021

Global insurer and reinsurer Hiscox has announced that its Chief Executive Officer (CEO), Bronek Masojada, will be retiring from the company at the end of the year and will be succeeded by Aki Hussain, effective January 2022. Hussain joined Hiscox in 2016 and currently serves as the company's Chief Financial Officer ... Read the full article

Hiscox hires Riaz Thanduparakkal as Line Underwriter, Energy

9th July 2021

Global insurer Hiscox has appointed Riaz Thanduparakkal as Line Underwriter, Energy to lead its underwriting team in developing their product offering for the energy sector. Thanduparakkal, who will be based in Hiscox’s London office, joins after working for Chubb Group for over 10 years. At Chubb he recently held roles including Product ... Read the full article

Hiscox adds SCOR’s Vincent Prabis to key ILS role

7th July 2021

Specialist insurer Hiscox has appointed Vincent Prabis to serve as Managing Principal within its Insurance Linked Securities (ILS) division. Prabis previously served as Head of ILS Strategies at SCOR Investment Partners. He will now be responsible for spearheading Hiscox’s evolution in the sector, ensuring investor demands for high-quality, innovative and diversified solutions ... Read the full article

AI enabled NOW Insurance partners with Hiscox

30th June 2021

AI-enabled insurance platform NOW has announced a partnership with Hiscox on medical malpractice insurance policies for health care professionals on its direct-to-consumer marketplace. Through Hiscox, health care professionals will be able to access medical malpractice insurance plans tailored to their specific needs and work requirements. Effective immediately, they can visit the Hiscox ... Read the full article

Hiscox reaches settlement with BI action group

28th June 2021

Specialist global insurer Hiscox has reached a settlement with members of the Hiscox Action Group (HAG) over business interruption (BI) losses suffered due to government lockdowns following the outbreak of COVID-19. Terms of the settlement remain confidential, but HAG had originally been targeting a £40 million payout from Hiscox, after ... Read the full article

Prince Charles launches industry-led climate change task force at Lloyd’s

24th June 2021

HRH The Prince of Wales has launched his Sustainable Markets Initiative (SMI) insurance task force today during a visit to Lloyd’s of London. Chaired by Lloyd’s, the task force is composed of executives from many of the world’s largest re/insurers and aims to provide an influential platform for the sector to ... Read the full article

Hiscox adds three Non Exec Director’s to boards of UK entities

23rd June 2021

Specialist global insurer Hiscox has bolstered the boards of two UK legal entities, adding three new Independent Non Executive Directors. James Illingworth will sit on the Board of Hiscox Syndicates Ltd (HSL), which oversees the insurer’s globally traded specialty (re) insurance lines, while Mark Cliff and Jane Hayes will both join ... Read the full article

Enstar announces $520mn LPT for Hiscox

3rd June 2021

A wholly owned subsidiary of Enstar Group Limited has reinsured a diversified portfolio of legacy insurance underwritten by Hiscox Syndicate 3624. The Loss Portfolio Transfer (LPT) between Enstar's Syndicate 2008 and Hiscox includes the majority of Hiscox USA's surplus lines broker business. Through the arrangement, Hiscox has ceded net insurance reserves of ... Read the full article

Hiscox Group hires Erica Fletcher as Global Head of Diversity & Inclusion

27th May 2021

Hiscox Group, the specialist insurance and reinsurance underwriter, has appointed Erica Fletcher as its new Global Head of Diversity & Inclusion (D&I). Prior to joining Hiscox, Erica held a global D&I leadership role at Accenture and Microsoft’s joint venture, Avanade, where she designed strategies that improved diversity across the organisation. Her experience ... Read the full article

Hiscox reports 6.3% premium growth, no change to COVID losses

5th May 2021

Hiscox Group, the specialist insurance and reinsurance underwriter, has reported that its gross written premiums increased 6.3% to $1.26 billion during the first quarter of 2021, as strong growth in Hiscox London Market, Hiscox Europe and direct and partnerships business more than offset planned reductions in the US broker channel. The ... Read the full article

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