Insurer Hiscox hikes dividend after posting best underwriting profits since 2015 Insurance London-listed insurer Hiscox today upped its dividend after posting its highest underwriting profits since 2015. Profit from its insurance business surged 25 per cent, from $215.6m in 2021 to $269.5m in 2022 shrugging of the potential impacts from several extreme weather events and the war in Ukraine. Hiscox, however, saw its overall profits drop, as [...]
Smaller than expected hit from Hurricane Ian sees Hiscox weather storm Insurance Anglo-Bermudan insurance company Hiscox today said it had “performed well” in the previous quarter’s complex trading environment after taking a smaller than expected hit from Hurricane Ian. Hiscox said it expects to lose $135m (£117m) as a result of the Category 4 hurricane that made landfall in Florida this September – a sum “well within” [...]
Hiscox shares plunge after insurer slumps to loss of £88m Hiscox loss Insurance giant Hiscox slumped to a loss of $107m (£88m) in the first half of the year after a steep decline in the value of its investment portfolio.
Insurer Hiscox names new group chief financial officer December 21, 2021 International insurer Hiscox Ltd has announced former EY partner and industry expert Paul Cooper as its new group chief financial officer. A qualified chartered accountant who trained with PwC, Cooper is currently the interim group chief financial officer of M&G Plc, a FTSE 100 asset manager and life insurer. Cooper will be rewarded with a [...]
London market boosts insurer Hiscox November 2, 2021 Hiscox this morning said its gross premiums written for the first nine months of the year is up 6.1 per cent to to $3.46bn. Its London market did particularly well, with gross written premiums up 7.1 per cent. Huge weather events continue to play a large part in the global insurance and reinsurance market and [...]
Hiscox tops list of insurers facing business interruption claims May 12, 2021 Hiscox faces paying the out on the largest number of business interruption claims, according to data compiled by the Financial Conduct Authority (FCA). Hiscox has accepted 6,692 business interruption claims for Covid-19 losses and faces making a decision on whether another 3,122 pending claims are valid, data published by the FCA today shows. The insurance [...]
Hiscox sets aside $47m for freak Texas snowstorm May 5, 2021 Hiscox has reserved $47m for payouts related to storm Uri, a devastating winter storm that raged through the Southern United States in February, with much of the damage concentrated in Texas. Payouts for the insurance industry as a whole stand at around $15bn, according to Hiscox, of which it owes $47m. The deep freeze in [...]
Hiscox sets aside $75m for catastrophe claims as gross premiums grow November 2, 2020 Insurance firm Hiscox said that it had set aside $75m (£58.1m) for natural disasters claims in the third quarter as gross written premiums grew in the first nine months of the year. In a trading statement this morning, the FTSE 250 firm revealed the decision to set aside the money after another autumn of dramatic [...]
RSA, Hiscox and others drop appeal against Covid-19 business interruption insurance payout rulings October 21, 2020 The appeals linked to the Resilience, Eaton Gate Retail, and Eaton Gate Pubs & Restaurants business interruption insurance policies have now been dropped.
FCA gets green light to take insurance giants to Supreme Court over Corona policies October 5, 2020 A High Court in London approved the FCA’s request to let the Supreme Court decide on the matter in which the market regulator is seeking clarification on the wording of numerous insurance policies in relation to claims filed as a result of the pandemic.