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.
Shali Vasudeva joins Hiscox as Group Chief Operations and Technology Officer
8th January 2025
Specialist insurer Hiscox has appointed Shali Vasudeva as its new Group Chief Operations and Technology Officer (COTO), succeeding Stephane Flaquet, who is departing the firm. Vasudeva joins Hiscox after five years as Chief Operating Officer of AXA UK & Ireland. Based in London, she will also sit on the Group Executive ... Read the full article
Hiscox names Frank Lamantia as Chief Technology Officer, US
30th December 2024
Specialist insurer Hiscox has appointed Frank Lamantia as its new Chief Technology Officer in the U.S., where he will serve on the Hiscox US leadership team and the Hiscox Group Technology leadership team, effective January 21st, 2025. Lamantia will have a dual reporting line to Mary Boyd, the Chief Executive Officer ... Read the full article
Conditions in property cat to remain ‘very attractive’ in 2025: Hiscox CFO
7th November 2024
Paul Cooper, Group Chief Financial Officer of Hiscox, has noted that in light of recent catastrophe activity, rates are expected to remain robust, creating "very attractive" conditions in the property cat market. As a result, the company plans to gradually deploy additional capital into this sector. Speaking during an analyst call ... Read the full article
Hiscox Re & ILS reports solid 9M’24 growth, eyes positive Jan renewal rates
7th November 2024
Hiscox Re & ILS, the international reinsurance and insurance-linked securities arm of the Hiscox Group, has reported that insurance contract written premiums (ICWP) grew to $1.017 billion in the first nine months of 2024, up 4.3% from the same period of 2023. According to the firm, most growth was achieved during ... Read the full article
Hiscox reports two-thirds of organisations face increased cyber incidents
29th October 2024
Specialist insurer Hiscox recently released findings from their annual Cyber Readiness Report, which reveals that two-thirds of organisations (67% globally and 70% in the UK) have faced more cyber incidents in the past year compared to the previous year. As cyber attacks continue to increase, the reputation and trust in businesses ... Read the full article
New non-profit Humanity Insured aims to insure 3.6 billion people against climate disasters
19th September 2024
Humanity Insured, a new UK and US non-profit organisation, has launched with the mission of empowering vulnerable communities to become more resilient to the impacts of climate change through the use of effective insurance solutions. Howden, a global insurance intermediary, spearheaded the creation of Humanity Insured, bringing together key players from ... Read the full article
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
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