Menu

Reinsurance News

Hiscox

Decision to support Lloyd’s Blueprint very easy. There is no choice: Robert Childs, Hiscox

8th November 2019

Hiscox Chairman and Deputy Chairman of Lloyd’s Robert Childs has explained how supporting the market's modernisation Blueprint was a given, considering its need to adapt. Childs, speaking yesterday in Bermuda at the PwC Insurance Summit, was asked about Lloyd's mission to become increasingly efficient and drive change through the insurance and ... Read the full article

Hiscox clarifies medium-term CR outlook for retail business

8th November 2019

Global specialist re/insurer Hiscox has released a statement clarifying the medium term outlook for the combined ratio of its primary retail insurance business, Hiscox Retail. Hiscox released its results for the first nine months of 2019 earlier this week, reporting growth across its entire business in 2019, with gross written ... 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 illustrates threat of rising sea levels with FloodPlus AR app

24th October 2019

Specialist insurer Hiscox has developed a new app designed to illustrate the potential threat of global sea level rises. FloodPlus AR utilises Augmented Reality to demonstrate the impact a 2.4 meter sea level rise - an increase predicted by certain climate experts - would have on the Hudson County area of ... Read the full article

Hiscox selects IVANS Markets to tap independent agencies network

16th October 2019

Global specialist re/insurer Hiscox is set to expand its reach to independent agencies using IVANS Markets, which promises to provide access to a network of more than 32,000 agents. Leveraging the service from IVANS, a division of Applied Systems, Hiscox will market appetite details for its partner wholesalers, including Apogee, Braishfield ... Read the full article

Hiscox names Joanne Musselle Group Chief Underwriting Officer

5th September 2019

Global insurer and reinsurer Hiscox has appointed Joanne Musselle as its new Group Chief Underwriting Officer (CUO), following the retirement of Richard Watson. She will assume the role at the end of the year and will join the Hiscox Ltd Board as an Executive Director in February 2020, subject to regulatory ... 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

Hiscox names Megan McConnell CUO in the US

1st August 2019

Global insurer and reinsurer Hiscox has announced the appointment of Megan McConnell as Chief Underwriting Officer (CUO) in the US, based in New York and reporting to Chief Executive Officer (CEO) of Hiscox USA, Steve Langan. McConnell most recently served as the Director of Underwriting for Hiscox Re & ILS, having ... Read the full article

Investments help Hiscox to profit, London Market, Hiscox Re & ILS challenged

29th July 2019

Global insurer and reinsurer Hiscox has reported that its H1 2019 profit before tax increased slightly to $168 million, despite the firm's group combined ratio weakening to 98.8% as loss deterioration from prior year events hit its London Market and Hiscox Re & ILS segments. At $168 million, Hiscox's profit increased ... Read the full article

Hiscox develops new coverage for ships seized by foreign governments

23rd July 2019

Hiscox, the specialist global insurer, has developed a new insurance product that provides coverage for ships seized by a foreign government. The product, called Malicious Vessel Seizure, will provide Loss of Hire costs and the services of Control Risks, a crisis management consultancy. The announcement follows the seizure of a British-flagged ... Read the full article

Andrew Hughes promoted to Managing Principal of Hiscox ILS

23rd July 2019

Global insurer and reinsurer Hiscox has announced the promotion of Andrew Hughes to Managing Principal of Hiscox ILS, subject to Department Immigration and Bermuda Regulatory Approval. Hughes has been with Hiscox ILS in Bermuda since 2015, serving as General Counsel and Chief Compliance Officer. Hiscox notes that during his time with the ... Read the full article

Hiscox remains confident in its reserving practices: CFO Hussain

19th July 2019

Global insurer and reinsurer Hiscox remains confident in its reserving philosophy and will continue to have positive reserve run-off at the half-way point of 2019, according to Chief Financial Officer (CFO) Aki Hussain. Hiscox announced last week in a trading statement that it had strengthened its reserves for Typhoon Jebi ... Read the full article

Hiscox’s hurricane Michael loss creep flowed to aggregate reinsurance in Q2

15th July 2019

Loss creep from 2018's hurricane Michael was largely passed on to the reinsurance providers or retrocessionaires backing Hiscox's aggregate protection in the second-quarter of the year, the company confirmed to us today. Hiscox revealed in a trading update on Friday that its catastrophe losses had continued to creep in the ... Read the full article

Hiscox strengthens Jebi & Michael reserves

12th July 2019

Global insurer and reinsurer Hiscox Ltd. has announced an expected impact of $40 million in the first-half of 2019 as a result of further strengthening its reserves for Typhoon Jebi and Hurricane Michael. The firm expects to record profit before tax of between $150 million and $170 million for the ... Read the full article

Hiscox CUO Richard Watson announces departure from role

27th June 2019

Richard Watson, the Chief Underwriting Officer (CUO) of global insurer and reinsurer Hiscox, has announced that he will retire from his role after 33 years. Watson is to step down from the Board of Hiscox Ltd on December 31st, 2019 and will continue to serve as an advisor to the firm, ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.