Reinsurance News


Hiscox releases free-to-use Cyber Exposure Calculator tool

18th June 2019

Global specialist insurer Hiscox has announced the launch of its Cyber Exposure Calculator, an online tool designed to help companies estimate the potential financial impact of a cyber attack. The calculator, which is free to use, provides a number of insights into the types of cyber attacks a business may face. Results ... Read the full article

20% increase in cyber security spending, finds Hiscox report

31st May 2019

Results from Hiscox’s 2019 Cyber Readiness report show cyber security spending across 5,400 organisations increased significantly from the previous year, with total expenditure reaching $7.9 billion. After adjusting for the increased size of the study group in this year’s report, the total spend represents a rise of just under 20% on ... Read the full article

Hiscox launches London market cyber product

30th May 2019

Global re/insurer Hiscox has announced the launch of CyberClear365, a new London Market cyber product. CyberClear365’s cover includes first-party incident costs such as regulatory response, bricking for disabled electronic devices and a reward fund. In the event of a claim, CyberClear365 offers assured mitigation coverage and a percentage excess discount if Hiscox ... Read the full article

Hiscox uncertain if mid-year rate increases will be adequate

7th May 2019

Global insurer and reinsurer Hiscox saw its gross written premiums increase by 0.6% in the first-quarter of 2019, as a decline in the reinsurance & insurance-linked securities (ILS) segment offset growth in the retail and London market segments. At the same time, the re/insurer is unconvinced mid-year rate increases will ... Read the full article

London Market discipline pays back Hiscox in 2018

25th February 2019

Hiscox has reported that its profit before tax increased substantially in 2018 to $137.4 million despite the impacts of catastrophes on its reinsurance and insurance-linked securities (ILS) business, driven mainly by the improved performance of its London Market operations. Overall, Hiscox saw its profit increase three-fold to more than $137 million ... Read the full article

Hiscox leads $58mn funding for insurtech platform CoverHound

5th February 2019

Global specialist insurer Hiscox has led a $58 million Series D funding round for CoverHound, a property and casualty (P&C) insurance platform for digital distribution. Additional investors included insurance providers Chubb, Aflac Ventures and MS&AD, who CoverHound entered a strategic alliance with earlier this month. CoverHound worked with Allen & Company ... Read the full article

Hiscox appoints Bob Thaker CEO of UK business

17th December 2018

Specialist global insurer Hiscox has appointed Bob Thaker as its new UK Chief Executive Officer (CEO), effective March 2019. Thaker has been with the company since 2010 and held a number of senior roles during that time, having joined as Head of Strategy before going on to serve as Group Chief ... Read the full article

Hiscox targets European growth with INSTANDA InsurTech partnership

14th December 2018

Specialist re/insurer Hiscox has announced a new partnership with InsurTech firm INSTANDA to further its European growth strategy. Working together, the parties plan to explore opportunities for further growth across Hiscox’s commercial and personal lines business, through multiple distribution and service channels. “We are always looking to take a progressive approach to ... Read the full article

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

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