Reinsurance News
Hiscox
Hiscox is a diversified international insurance group listed on the London Stock Exchange and headquartered in Bermuda. Hiscox has over 3,000 staff across 13 countries and 32 offices, as of 2025.
The Hiscox Re & ILS division underwrites reinsurance opportunities on a global basis and also provides third-party capital capabilities.
Read our Hiscox insurance or reinsurance news and analysis below.
Hiscox introduces new Personnel Security Plus product
10th September 2024
Hiscox, a provider of specialist insurance solutions, has introduced a new offering called Personnel Security Plus. This product is designed to enhance the coverage provided by Hiscox's existing Kidnap and Ransom insurance policy, offering businesses added protection for their employees who face a growing range of risks. The policy covers 22 distinct ... Read the full article
Hiscox appoints Jane Guyett as Remuneration Committee Chair
2nd September 2024
Global specialist insurer Hiscox has appointed Jane Guyett as an Independent Non Executive Director and Chair of its Remuneration Committee, subject to regulatory approval. Guyett has served in a variety of roles across both the public and private sectors, including Senior Independent Director at UK Government Investments Limited and Chair of ... Read the full article
Hiscox names Colin Keogh Interim Chair following tragic death of Jonathan Bloomer
23rd August 2024
Hiscox has confirmed that Senior Independent Director Colin Keogh will be taking up the mantle as Interim Chair following the tragic death of Jonathan Bloomer. Before his passing, Bloomer pursued a successful portfolio career with a range of largely financial services companies. He was Chair of Morgan Stanley International, DWF Group PLC ... Read the full article
Hiscox launches Google Cloud-backed GenAI underwriting model
12th August 2024
Global specialist insurer Hiscox has gone live with its Google Cloud-backed generative artificial intelligence (AI) underwriting model for sabotage and terrorism insurance quotes. Considered the London insurance market’s first underwriting model of its kind, the model was developed as a proof of concept in December 2023 in collaboration with Google ... Read the full article
CrowdStrike outage to drive greater demand for cyber insurance: Hiscox
7th August 2024
The CrowdStrike outage is expected to drive greater demand for cyber insurance as it highlighted the risks businesses and individuals are to face when impacted with an event like this, according to Hiscox Group Chief Underwriting Officer (CUO), Joanne Musselle. Caused by a flawed software update for certain Windows hosts released ... Read the full article
Hiscox Re & ILS reports strong H1’24 growth as CoR strengthens to 73.8%
7th August 2024
Hiscox Re & ILS, the Group's reinsurance businesses in London and Bermuda and insurance-linked securities (ILS) activity, produced a strong and improved combined ratio of 73.8% for the first half of 2024, while net premiums written in the segment rose by 10.5% as Hiscox looked to capitalise on attractive market ... Read the full article
Dickinson named Non-Exec Director of Hiscox Insurance Company (Bermuda)
3rd July 2024
Specialist global insurer, Hiscox, has announced the appointment of Curtis L. Dickinson as a Non Executive Director for its subsidiary Hiscox Insurance Company (Bermuda) Limited (HIB) board, subject to regulatory approval. Dickinson, who has over 25 years of experience in investment and commercial banking across the USA, UK and Bermuda, will ... Read the full article
Hiscox names Mary Boyd USA CEO
11th June 2024
International specialist insurer Hiscox has announced the appointment of Mary Boyd as Chief Executive Officer of its USA business unit. Joining the company on June 24, 2024, Boyd will be replacing existing USA CEO Kevin Kerridge, who is stepping down after almost 30 years in the business. Boyd joins Hiscox from Plymouth ... Read the full article
Hiscox Re & ILS grows 19% in Q1 2024 as it continues to deploy capital
2nd May 2024
International specialist insurer Hiscox has announced net insurance contract written premium (ICWP) within Hiscox Re & ILS grew 19.0% as the business continued to seize attractive market opportunities deploying additional capital and new quota share capacity. In Q1 2024, the international reinsurance and insurance-linked securities (ILS) arm of the Hiscox Group ... Read the full article
Hiscox Re & ILS and Ariel Re launch cyber catastrophe consortium
25th April 2024
Hiscox Re & ILS and Ariel Re have launched CyberShock, a new cyber catastrophe consortium designed to improve certainty of coverage in the cyber insurance space. This new consortium will offer up to USD 50 million of per-programme capacity providing bespoke, event-based coverage for cyber insurers globally. Through CyberShock, carriers are expected ... Read the full article
Hippo’s First Connect Insurance hits 100-carrier milestone
27th March 2024
Home insurance firm Hippo's First Connect Insurance Services, a digital platform for independent agents to provide access to top carriers, has strategically partnered with Hiscox USA, and subsequently hit the 100-carrier and MGA milestone. Hiscox USA provides same-day coverage for small businesses with $5 million or less in annual revenue, it ... Read the full article
Hiscox appoints Leigh Hellrung as COO in the US
21st March 2024
Specialist global insurer Hiscox has appointed Leigh Hellrung as Chief Operating Officer in the US. Hellrung holds over 20 years of industry experience having most recently served in customer experience, service delivery and strategic operations leadership roles with Farmers Insurance and Zurich Financial Services. Before that, she reportedly led enterprise-wide technology transformations ... Read the full article
Coterie secures $27m in new capital investment from Hiscox and others
20th March 2024
Coterie Insurance, an insurtech managing general agent (MGA), has recently secured $27 million in new capital investment from Hiscox, alongside various existing investors. Expressing gratitude for this investment, David McFarland, CEO of Coterie, states, "We're incredibly grateful for the recognition and belief in how we're reimagining the small commercial insurance space ... Read the full article
Hiscox Re & ILS sees record profit of $221.4m in 2023, CoR drops to 69.8%
5th March 2024
Hiscox Re & ILS, the international reinsurance and insurance-linked securities (ILS) arm of the Hiscox Group, has revealed an undiscounted combined ratio of 69.8% for the full year 2023, and a record profit before tax of $221.4 million in "an active year for natural catastrophe losses". Hiscox Re & ILS also ... Read the full article
Hiscox appoints Raymond Oral Chief Technology Officer in the US
19th December 2023
Specialist insurer Hiscox has appointed Raymond Oral as Chief Technology Officer in the US. According to the firm, Oral will report to Kevin Kerridge, Chief Executive Officer of Hiscox USA, as well as Chris Loake, Chief Information Officer of Hiscox Group. Oral will serve on both the Hiscox US Leadership Team and ... Read the full article
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