Reinsurance News
Hiscox
Hiscox Claims Director Jeremy Pinchin to retire, successor named
22nd November 2018
Specialist re/insurance firm Hiscox has announced that Jeremy Pinchin is set to retire at the end of February 2019, and will be succeeded in his claims responsibilities by Grace Hanson, who will join the company in January. Pinchin joined Hiscox in 2005 as the group’s first Claims Director and has since ... Read the full article
Hiscox strengthens reinsurance & ILS division with new appointments
15th November 2018
Specialist re/insurance firm Hiscox has announced the appointments of three new individuals within Hiscox Re & ILS. Mike Schindel, who has been with Hiscox since 2009, has been appointed Head of North America. He succeeds Ross Nottingham, who was promoted to Chair of North America in August. Schindel will commence his new ... Read the full article
Hiscox premium growth continues, but expects it to slow as market still challenging
5th November 2018
Strong growth in premiums underwritten has continued at global specialist insurance and reinsurance firm Hiscox, but the firm expects this will slow down and moderate over the rest of the year as the market remains challenging. Hiscox reported its nine-month results this morning, citing an increase in gross written premiums 14.3% ... Read the full article
Andrew Dolphin appointed COO for Hiscox Re & ILS
26th September 2018
Hiscox, the specialist global re/insurer, has appointed Andrew Dolphin to the position of Chief Operating Officer (COO) for its Hiscox Re & ILS division, effective immediately. Dolphin joined Hiscox in 2000 and has since transitioned from a technical role in the company’s reinsurance purchase team to leading the whole of the ... Read the full article
Hiscox partners with Eigen Technologies to automate claims processes
10th August 2018
Hiscox, the specialist insurer, has partnered with Eigen Technologies, a global provider of natural language processing (NLP) technology, to automate multiple internal processes using machine learning driven classification and extraction technology. Two collaborative pilots are currently underway that make use of Eigen’s NLP platform to address the challenges of unstructured qualitative ... Read the full article
Hiscox H1 profits jump following growth in written premiums
30th July 2018
Lloyd’s of London underwriter Hiscox experienced “a good start to the year” as its pre-tax profits surged 27% from $129.1 million in H1 2017 to $163.6 in H1 2018, driven by a strong 21% growth in written premiums. “Our investment across the business is driving strong profitable growth in all segments,” ... Read the full article
Hiscox appoints Zurich’s Ben Horton as UK CUO
25th July 2018
Hiscox, the specialist global insurer, has appointed Ben Horton, former EMEA Claims Director at Zurich, as its new Chief Underwriting Officer (CUO) for UK & Ireland, in addition to naming James Browne as Managing Director of UK Direct. Horton joined Zurich in 2014, having previously spent eight years at RSA in ... Read the full article
Reinsurers must innovate to overcome pricing challenges: Hiscox’s McConnell
3rd July 2018
Reinsurers must respond to the challenges of the current pricing environment by innovatively adapting their portfolios and exposures, their use of technology, and their relationships with clients, according to Megan McConnell, Director of Underwriting, London at Hiscox. McConnell noted that reinsurance rates have not increased to the extent that was anticipated ... Read the full article
Little prospect of rate improvement at mid-year renewals: Hiscox
8th May 2018
Having said before that it expected rate momentum to continue through 2018, global insurance and reinsurance firm Hiscox has now changed its tune, saying that it sees "little prospect of rate improvement" for the rest of this year. In February, the Hiscox management suggested that they were anticipating further rate ... Read the full article
Hiscox reveals new CyberClear Academy
25th April 2018
International specialist insurer and reinsurer, Hiscox, has announced the launch of the Hiscox CyberClear Academy, an online interactive suite of cyber training content accredited by the UK's cyber security intelligence agency, GCHQ. Cyber risk remains a key challenge and opportunity for the global insurance and reinsurance industry, and in light of ... Read the full article
Hiscox CEO named Chair of London Market Group’s PPL
22nd March 2018
The Board of the London Market Group's Placing Platform Limited (PPL) has announced that Hiscox Chief Executive Officer (CEO), Bronek Masojada, has been appointed Chair, replacing outgoing Chair David Ledger. Commenting on his new appointment, Masojada said: "I look forward to becoming PPL Chair. David and all those involved in PPL have ... Read the full article
Hiscox launches cyber industry loss warranty (ILW) product
15th March 2018
Global insurer and reinsurer Hiscox has announced the launch of a first-of-its-kind cyber industry loss warranty (ILW) product within its Hiscox Re & ILS division, designed to improve re/insurers understanding of cyber tail risk. The new solution responds to an accumulation of cyber losses throughout the year, and can act as ... Read the full article
Hiscox expects continued rate momentum, eyes growth in 2018
26th February 2018
In what was a challenging year for the global reinsurance industry, re/insurer Hiscox saw its Hiscox Re & ILS segment remain profitable in 2017, with management anticipating further rate increases in 2018, as well as growth across all parts of the business. Hiscox saw its overall, pre-tax profit fall to £30.8 ... Read the full article
Hiscox appoints David McLaughlin to Chief Financial Officer for U.S.
14th February 2018
Hiscox has announced the appointment of David McLaughlin, who joins from Fiserv, to Chief Financial Officer (CFO) in the U.S. McLaughlin brings more than 20 years of operational and financial experience to the role, including having held a number of divisional CFO positions at Fiserv, and most recently covering their Digital ... Read the full article
Hiscox announces two senior appointments
9th February 2018
Global insurer and reinsurer Hiscox has announced two appointments as it changes the structure of its senior management team, as the firm looks to build on growth momentum in its retail operations. Chief Executive Officer (CEO) of Hiscox USA, Ben Walter, is set to move to London and take on the newly ... Read the full article