Latest Hiscox Headlines
All the headlines from our Hiscox Topic Page, ordered by recency.
Hiscox Affirmed at ‘A-‘
Oct 28 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of Hiscox Insurance Company Limited (Hisco). The rating reflects the company’s excellent capitalization and prospective financial performance,...
Hiscox Launches New System for U.S. Terrorism Insurance
Oct 14 2002 // London-based Hiscox Plc, which operates in both the Lloyd’s and specialty lines markets, announced the launch of a unique broker “extranet system” to provide solutions for U.S. clients requiring terrorism...
Hiscox Criticizes Chubb as Shareholders Approve Rights Issue
Sep 27 2002 // Hiscox plc shareholders, with one notable exception, approved the company’s plan to issue up to 96.4 million new shares through a rights offering aimed at raising an additional £110.5 million ($171 million) to...
Chubb to Vote Against Hiscox Rights Issue
Sep 25 2002 // Chubb Corp. issued a statement that its investment services subsidiary would vote its 54,529,566 ordinary shares in Hiscox plc against the shareholder resolutions seeking approval for the issuance of 96.4 million new...
A.M. Best Affirms Hiscox ‘A-‘ (Excellent) Rating
Sep 19 2002 // A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of the U.K.’s Hiscox Insurance Company Limited (Hisco) with a stable outlook. The London-based insurer, a wholly owned...
Hiscox Posts $46 Million Loss; Places $33 Million in Cat Bonds
Apr 16 2002 // The U.K.’s Hiscox Group, which operates as a retail insurer as well as running Lloyd’s Syndicate 33, reported a £32.5 ($46.5 million) loss for 2001, largely as a result of claims related to the attacks on...
Chubb Still Interested in Hiscox
Jan 2 2002 // Chubb Corp. is reportedly still interested in acquiring London-based specialty insurer Hiscox Plc, despite the rejection of a friendly offer made last January. It’s raised its stake in the company to over 28 percent...
Hiscox Increases WTC Loss Estimates to
Oct 22 2001 // U.K. insurer Hiscox plc, which operates in the Lloyd’s market and independently, announced that it now expects net losses from the September 11 attacks on the U.S. to total around £30 ($43.5 million) rather...
Hiscox Estimates Loss from U.S. Attacks at
Sep 26 2001 // The U.K.’s Hiscox Plc, which writes business through the Lloyd’s market and independently, released its estimate that the Sept. 11 attacks in the U.S. would cost it around £20 million ($29.25...
Homeowners Underinsured by 60%, Hiscox
Jul 25 2001 // A recent Hiscox study reveals that most high value homeowners have little idea of the true value of their home contents. The study compared 64 high value homeowners’ previous valuations with the new valuations...
CHUBB WEIGHS OPTIONS
Feb 12 2001 // Chubb announced that it was reevaluating its options as a long-term investor in the Lloyd’s insurer Hiscox. Chubb currently has a 27-percent holding of Hiscox shares and had offered $3.087 a share, or $458 million,...
Chubb “Considering its Options” After Hiscox Rejection
Feb 6 2001 // Chubb Corp. announced that it is “considering its options regarding its 27 per cent holding of Hiscox shares,” following the Lloyd’s insurer’s decision to terminate discussions with Chubb to acquire...
Hiscox Ends Talks With Chubb
Jan 31 2001 // Hiscox Plc, the Lloyd’s and specialty insurer, announced Tuesday that it had rejected Chubb Corp.’s offer of 210 pence ($3.08) a share as it “substantially undervalued” the company, and had broken...
Hiscox 1st Half Profits Lowered by Lloyd’s Losses
Sep 29 2000 // Hiscox Plc, which does business independently and in the Lloyd’s market as syndicate 33, saw 1st half profits drop to £100,000 ($146,000) from £1.4 million ($2.04 million) in the same period last year as a result...
In the Underworld: Kidnapping, Hostage-Taking and Extortion On the Rise
Jul 10 2000 // Kidnapping, wrongful detention and all kinds of extortion demands are definitely on the rise. So says Diane Borden, AIG Europe Vice President and head of the crisis management unit at American International...
In the Underworld: Kidnapping, Hostage-Taking and Extortion Demands On the Rise
Jun 26 2000 // Kidnapping—seizing and holding people for a money payment; wrongful detention—when someone’s held for political reasons, and all kinds of extortion demands, are definitely on the rise,” said AIG Europe Vice...
