Latest Hiscox Headlines
All the headlines from our Hiscox Topic Page, ordered by recency.
Wright National Expands Flood Products into Virginia
Aug 24 2020 // Wright National Flood Insurance Services (WNFIS) has introduced two private flood insurance products for Virginia residential property owners – The Wright Residential Private Flood Insurance Program and Hiscox...
Krefta, CEO of Hiscox Re & ILS, to Exit Hiscox to Pursue Interests Outside of Insurance
Aug 3 2020 // Hiscox, the global specialist insurer, announced that Mike Krefta has decided to return to the UK in early 2021, having completed almost four years as CEO of Hiscox Re & ILS based in Bermuda. After 17 years with...
Insurer Hiscox Reserves $232 Million for Coronavirus-Related Claims in First Half
Aug 3 2020 // Hefty payouts for sports events and holidays canceled due to the coronovirus crisis helped send insurer Hiscox deep into the red on Monday and pummeled its shares to their lowest in more than two months. The company, which...
Hiscox Appoints Petrone as Senior Vice President Based in Manhattan
Jul 15 2020 // Hiscox, the international specialist insurer, has appointed Adam Petrone as senior vice president and Northeast regional executive in the U.S. In his new role, Petrone will lead the Northeast region underwriting team in...
Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team
Jul 14 2020 // Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier...
Hiscox Launches ‘Variable Consortium’ for Hard-to-Place U.S. General Liability Risks
Jul 6 2020 // Hiscox, the Bermuda-based specialist insurer, together with RKH Reinsurance Brokers, has launched a new variable consortium with a maximum line of over US$20 million for a range of challenging general liability risks such...
Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study
Jun 23 2020 // Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm to $57,000, according to an international survey commissioned by insurer Hiscox. Total cyber losses...
Hiscox, Thimble to Offer Short-Term Business Insurance Plans
Jun 23 2020 // Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour, day or month. The partnership will allow Hiscox to give businesses flexibility,...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute
Jun 15 2020 // The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The action group, composed...
British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover
Jun 1 2020 // Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry regulator said on...
Hiscox Raises £375M to Respond to U.S. Wholesale, Reinsurance Growth Opportunities
May 6 2020 // Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares. The company announced the equity placing on May 5,...
Hiscox to Raise Capital in Response to COVID-19 Growth Opportunities and Exposures
May 5 2020 // Lloyd’s insurer Hiscox is planning a capital raise via the placement of new ordinary shares, which will enable the company to respond to expected growth opportunities ahead and prudently prepare for possible...
Hiscox Action Group Gears Up to Take Hiscox to Court over COVID-19 BI Exclusions
Apr 29 2020 // Angry Hiscox policyholders have formed an action group in the UK to fight Hiscox’s pandemic exclusions to its commercial business interruption policies. More than 300 UK policyholders have joined the Hiscox Action...
As Cyber Risks Grow, So Does the Need for Small Business Coverage
Apr 20 2020 // With cyberattacks on the rise and many small businesses unaware of the dangers, independent insurance agents are in a good position to educate clients about their risks, recommend preventative measures, and provide...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.
Apr 16 2020 // Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator
Apr 15 2020 // Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on Wednesday, as insurers come...
Hiscox Withdraws 2020 Financial Guidance, Cancels Dividend Payment on COVID Crisis
Apr 8 2020 // Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis. In addition, it is canceling a scheduled dividend and will not conduct any share...
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns
Apr 8 2020 // British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs from the spread of the...
Hiscox’s Rubin Joins Liberty Specialty Markets as Head of Terrorism Underwriting
Dec 19 2019 // Liberty Specialty Markets (LSM) has appointed Jennifer Rubin to a newly-created role as senior underwriting executive and head of Terrorism Underwriting in North America. Rubin was formerly senior vice president, head of...
BHSI Taps Warrior, Formerly with Hiscox, as Head of D&O Underwriting, UK & Ireland
Nov 26 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has expanded its European team with the addition of Chris Warrior as head of directors’ & officers’ liability underwriting for UK &...
