British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces “brand damage” from a legal dispute over policy wordings for pandemic-linked claims. Hiscox shares plunged 13% …
Hiscox, the specialist insurer, has called for action to tackle the growing problem of manmade space debris and the threat posed to current and future space operations. According to figures from the European Space Agency, there are believed to be …
Hiscox Ltd., the international specialist insurer, announced the appointment of Stéphane Flaquet, who currently serves as CEO of Hiscox Europe, as its chief transformation officer for the group. In this newly created role, Flaquet will be responsible for overseeing the …
Hiscox, the specialist global insurer, has appointed Aimee Nolan to head up its London Market cargo underwriting team. As cargo line underwriter, Nolan will be based in Hiscox’s London office, reporting to Mike Southgate, divisional director for Marine, Energy and …
Attune Insurance Services, LLC has launched general liability and professional liability products with Hiscox serving as the carrier. The Attune and Hiscox partnership adds over 180 new classes and two admitted products to the Attune broker platform. All brokers with …
Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 lockdowns. The UK Supreme Court dismissed appeals by six insurers – Hiscox, …
Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts after Britain’s highest court ruled many policies should cover losses caused by coronavirus lockdowns. Six of the world’s largest commercial …
Independent specialty managing general agent (MGA) Nexus Group announced it completed the acquisition of the Hiscox MGA Marine business (HMM) from Hiscox MGA Ltd. Completed on Dec. 30, 2020 via an asset purchase into Millstream Underwriting Ltd., a Nexus Group …
Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which allows insurers to track exposures, establish reserves, and manage aggregations in the face of this generation’s largest emerging risk, the …
Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain’s markets watchdog told the UK Supreme Court on Tuesday. A lawyer for the Financial Conduct Authority (FCA), which …
