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.
Hiscox policyholders set to launch legal action against firm over coronavirus claims May 17, 2020 A group of Hiscox policyholders angry at the insurance giant’s decision to exclude coronavirus-related disruptions from its business interruption policies have been given the go-ahead to launch legal action against the firm. According to law firm Mishcon de Reya, over 400 policyholders with nearly £40m in claims have joined the Hiscox Action Group. The law [...]
Hiscox faces legal action over coronavirus business interruption claims April 22, 2020 The Night Time Industries Association, which represents bars and clubs across the UK, has launched legal action against Hiscox, alleging the insurer has refused to pay out for claims during the coronavirus pandemic. The organisation is arranging class action against the insurer, which it said has denied liability under its business interruption policy. All night [...]
Insurance: Hiscox, Aviva, RSA and Direct Line suspend dividends following Bank of England pressure April 8, 2020 Insurance companies Hiscox, RSA, Aviva and Direct Line have this morning announced the suspension of their dividends after regulatory pressure from the Bank of England. Sam Woods, deputy governor of the Bank’s Prudential Regulatory Authority wrote to chief executives of major insurers on 31 March asking them to “pay close attention to the need to [...]
Plenty for Just Eat to chew on as it falls out of FTSE 100 to be replaced by engineering firm Spirax-Sarco December 6, 2018 Just Eat shares were down five per cent this morning as the company took stock from being demoted from the FTSE 100 yesterday. The food delivery company, which has come under siege in recent years from competitors Deliveroo and Uber Eats, dropped out of the top tier index as FTSE Russell announced the winners and [...]
Insurer Hiscox’s growth lifted by fewer disasters in first months of 2015 May 12, 2015 International specialist insurer Hiscox has reported a 12 per cent quarterly increase in gross written premiums (GWP), boosted by currency movements and fewer disasters. The London-listed company said premiums for the three months ending 31 March rose to £561.7m from £501.6m at the same time last year. Chief executive Bronek Masojada said: “It’s been an [...]
Hiscox pre-tax profit falls amid low interest rate environment March 2, 2015 The figures Specialist insurer Hiscox has said pre-tax profit fell to £231.1m for the year ending 31 December 2014, down from £244.5m a year earlier. The London-listed group reported a 3.3 per cent increase in gross written premiums, jumping to £1,756.3m in the same period. Why it's interesting Insurers such as Hiscox have struggled amid a [...]