Reinsurance News


Hiscox Re and ILS looks to narrow flood protection gap with FloodXtra

17th October 2017

In an effort to address the flood protection gap (disparity between economic and insured losses post-event), Hiscox Re and ILS has launched FloodXtra, a new solution for U.S. personal lines flood insurers. The flood protection gap in the U.S. was highlighted recently by hurricanes Harvey and Irma, a reminder to the ... Read the full article

Hiscox to increase 2018 syndicate capacity by £450m

11th October 2017

Hiscox has announced plans to increase its capacity by £450 million to a total £1.6 billion for 2018, in anticipation of a widespread market turn triggering improved market conditions, according to its Syndicate 33 business forecast for 2018. This comes as a response to the 2017 period of significant catastrophe activity ... Read the full article

Hiscox names Markham as CEO of London Market business

11th October 2017

Insurance and reinsurance firm Hiscox has named an existing employee, Kate Markham, to the newly created position of CEO of its London Market business. The move, which is subject to regulatory approval, sees Hiscox positioning itself to be ready for market changes and modernisation in the London insurance and reinsurance market. In ... Read the full article

Hiscox estimates loss from hurricanes Harvey & Irma at $225m

2nd October 2017

Specialist insurance and reinsurance firm Hiscox Ltd. has estimated its combined net loss from hurricane Harvey and hurricane Irma as approximately $225 million. Hiscox had previously pegged its hurricane Harvey only loss at around $150 million, suggesting that hurricane Irma is currently only thought to have added approximately $75 million ... Read the full article

Hiscox UK names Robert Hannigan as cyber security advisor

21st September 2017

Specialist insurer Hiscox UK and Ireland has appointed former GCHQ Director Robert Hannigan as Special Advisor on Cyber Security, set to work alongside Hiscox specialist cyber division to provide market intelligence, staff training, and develop cyber products. Robert Hannigan, Special Advisor at Hiscox UK and Ireland said; “The risks that cyber ... Read the full article

Hiscox estimates net hurricane Harvey loss of approx $150 million

18th September 2017

Specialist insurance and reinsurance firm Hiscox Ltd. has estimated its net loss from hurricane Harvey's impacts at around $150 million. Hiscox has based its hurricane Harvey loss estimate on an industry wide loss of $25 billion excluding the NFIP. The company said that this fell within its modelled range of claims ... Read the full article

Hiscox partners with tech start-up Digital Fineprint

25th August 2017

Specialist insurer Hiscox has partnered with tech start-up Digital Fineprint to investigate how data from social media can be used to educate small businesses on their risks and respective insurance solutions. Hiscox said many small businesses are underinsured yet face a number of business interruption risks from expensive lawsuits or costs ... Read the full article

Hiscox appoints Miranthis (PartnerRe), Huerlimann (Zurich), Goodwin (QBE) to Board

31st July 2017

Insurance and reinsurance group Hiscox has named three very senior industry leaders to the Board of Hiscox Ltd., adding significant global expertise. The new additions to the Hiscox Board are ex-PartnerRe CEO Costas Miranthis, ex-Zurich Global Corporate CEO Thomas Huerlimann and ex-QBE insurance Asia CEO Michael Goodwin. All three will join the ... Read the full article

Hiscox to establish EU subsidiary in Luxembourg

9th May 2017

Insurer and reinsurer Hiscox has today announced plans to establish a new European subsidiary in Luxembourg in a post-Brexit restructuring move. The international specialist re/insurer said the EU subsidiary will be used to write all Hiscox retail business in Europe and a team covering core functions like compliance, risk and internal audit will ... Read the full article

Adam Szakmary named new Director of Underwriting for Hiscox Insurance, Bermuda

3rd May 2017

Specialist global re/insurer Hiscox has named the new Director of Underwriting for Hiscox Insurance in Bermuda as Adam Szakmary - who joins from Sompo International's asset management platform, Blue Capital Management. Szakmary will oversee underwriting activities in Bermuda, as Director of Underwriting, reporting to incoming Hiscox Re Chief Executive Officer (CEO) and ILS, ... Read the full article

Hiscox appoints new Chief Information Officer

19th April 2017

Insurance and reinsurance group Hiscox has appointed a new Chief Information Officer (CIO), naming Ian Penny, previously CTO of Barclays in the role. At Hiscox, Penny will be in charge of the Group's IT, with a team of 300 under his leadership and will report directly to CEO Bronek Masojada. Penny replaces ... Read the full article

Shree Khare joins Hiscox from RMS as Head of Catastrophe Research

9th March 2017

Global insurer and reinsurer Hiscox has announced the appointment of Shree Khare from RMS as Group Head of Catastrophe Research, a role that will see him work closely with the firm's reinsurance and London Market operations. Khare will be responsible for leading research that directly informs Hiscox's own view of risk ... Read the full article

Hiscox Re finding opportunities in casualty & speciality lines

6th March 2017

Insurer and reinsurer Hiscox has reported a record year for profit in 2016 despite tough market conditions and helped by the performance of its Hiscox Re and insurance-linked securities (ILS) unit where it found opportunity for growth in casualty and specialty business lines. Overall, the re/insurer reported a record £354.4 million profit ... Read the full article

Specialist global re/insurer Hiscox Group appoints chief actuary

26th January 2017

Specialist global insurance and reinsurance firm Hiscox Group has announced the appointment of Helen Cooper as new Chief Actuary. With over a decade of consultancy experience, Cooper brings expertise in general insurance, global insurers covering domestic retail business, corporate, and London Market products to the role. She will be moving to Hiscox Group ... Read the full article

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