Hiscox News

Krefta Named CEO of Hiscox Re and ILS, Succeeding Pinchin

Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017. He will succeed Jeremy Pinchin who, after five years in Bermuda, will return to …

AIG May Move Europe HQ from London to Another EU Country on Brexit

U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry conference on Tuesday. AIG …

Hiscox Promotes Bowen to CUO for European Operations

Specialist global insurer Hiscox has announced the promotion of Justin Bowen to chief underwriting officer for its European operations. Bowen has worked at Hiscox since 2000 and held a number of different roles within its UK business. Having joined to …

Hiscox Leads New $1B Fine Art Consortium, in Collaboration with Ascot

Hiscox announced it has formed a new US$1 billion fine art consortium, the result of a collaboration with Ascot Underwriting. The $1 billion capacity consortium has been constructed specifically to streamline the process of placing large fine art risks within …

Hiscox Launches Crime Cover to Protect UK & Irish SMEs Against Fraud

Specialist insurer Hiscox has launched a new crime product, Hiscox Crime Insurance, designed to protect small businesses in the UK and Ireland against a broad range of fraudulent acts from both internal and external parties. Designed to complement other commercial …

Insurers Hiscox, American Family Back Bunker, a Startup Broker for Gig Economy

Bunker, a Hiscox and American Family-backed startup billing itself as the first contract-related insurance marketplace, has officially left startup mode and unveiled its first product. The target audience: independent contractors and small businesses. The San Francisco-based startup said it has …

Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting

The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its chairman said on …

Hiscox USA Expands Allied Healthcare Coverage to Pharmacies

Hiscox has launched a new coverage designed specifically for pharmacies that will complement Hiscox’s existing tailored forms in Allied Healthcare, including ambulance and medical transportation, beauty salon and day spa, and home healthcare products. Hiscox’s set of coverages are customized …

Hiscox Launches Combined Cyber Risk, Professional Liability Coverage for Hospitals

Hiscox has combined the services of its healthcare and cyber underwriters to launch Healthcare Threat Protect to coordinate with a hospital’s professional and general liability as well as their growing cyber exposures. Healthcare Threat Protect is an all-in-one policy with …

EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch

The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access to the European Economic Area (EEA)*, according …