Reinsurance News


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

Hiscox appoints Gareth Bateman & Lottie Catto to head up Special Risks unit

1st February 2018

Specialist insurer Hiscox has appointed Gareth Bateman as Development Director of Security Incident Response (SIR) within its Special Risks division and Lottie Catto as new Strategic Development Manager to further support the growth of SIR. The pair will lead the development of Hiscox’s SIR product which launched a year ago. Since 2012 Bateman ... Read the full article

Hiscox sets up virtual business unit to drive cyber innovation

7th December 2017

Hiscox has set up a virtual Business Unit (vBU) to pool the expertise of its group of 70 cyber staff to enhance collaboration and drive progress in the cyber sector. Hiscox said the cyber vBU will provide dedicated cyber resource and be responsible for ensuring a consistent Group-wide approach to product ... Read the full article

Hiscox Re hires Megan McConnell as Director of Underwriting

5th December 2017

Megan McConnell, who as we reported yesterday is departing the Paraline group, is to emerge in a new reinsurance role as Director of Underwriting at Hiscox Re in London. McConnell had worked for International Catastrophe Insurance Managers, LLC (ICAT) since 2005, but it was announced yesterday that she is leaving ... Read the full article

Hiscox underwriters told to push for price rises, even if top line shrinks

21st November 2017

Underwriters at insurance and reinsurance firm Hiscox have been told by senior management that they must push for price rises, following recent major catastrophe losses, even if it is at the expense of top line. Hiscox has been among the most bullish in pushing for price increases across insurance and reinsurance ... Read the full article

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