Latest Hiscox Headlines
All the headlines from our Hiscox Topic Page, ordered by recency.
Best Affirms Hiscox Lloyd’s Syndicate 33 ‘A’ Ratings
Sep 18 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Limited...
Best Upgrades Hiscox Ratings to ‘A’
Sep 18 2008 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit ratings (ICRs) to “a” from “a-” of Hiscox...
Study: U.S. Entrepreneurs More Optimistic on Taking Risks
Jul 23 2008 // Despite a weakened economic market, a new study from Hiscox shows that 46 percent of American small business owners still feel that they can make more as entrepreneurs than the traditional corporate world. The Hiscox...
Hiscox Comments on Recent Art Sales
Jun 27 2008 // A bulletin from Hiscox in London notes that “modern, contemporary and 19th century European art continues to see double digit growth despite global uncertainty. The value of modern and contemporary art has continued...
Hiscox Posts Mixed Q1 Results
May 13 2008 // Bermuda-based Hiscox Ltd. Posted mixed results, which it nonetheless described as “a good start to the year,” despite a 10 percent drop in total gross written premiums – from £358.4 million ($701.6...
Hiscox USA Adds 2 Experts in Kidnap and Ransom Coverage
Mar 21 2008 // New York-based specialty insurer Hiscox USA said it will now offer kidnap and ransom coverage and has added two experts to grow the product. Lisa Zanotelli and Derek Rogers have joined Hiscox USA to develop and underwrite...
Hiscox Warns UK Businesses on Increasing Employee Lawsuits
Mar 5 2008 // According to figures released today by the UK’s Hiscox, “nearly two thirds of smaller businesses are leaving themselves hugely exposed to legal action from their own employees, despite the number of employment...
Hiscox 2007 Net up 18% to $471M
Mar 4 2008 // Bermuda-based Hiscox Ltd. posted a strong profit gain in 2007. Results, released yesterday, March 3, showed a record setting £237.2 million ($471 million) pretax profit, compared to £201.1 million ($399.5 million) in...
Hiscox Warns UK Companies of Increased Liabilities under ‘Manslaughter Act’
Jan 3 2008 // Specialist insurer Hiscox Plc has issued a stark warning to UK companies of their exposures to increased liabilities when the UK’s Corporate Manslaughter Act comes into force on April 6, 2008. The legislation had...
Ratings Recap: Green Valley (Swiss Re), Aviva Canada, CSOB Pojistovna, Harbor Point Re, Hiscox
Dec 27 2007 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green...
People
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer. Prior to joining Valiant, DiBlanda served...
Ratings Recap: Everest Re, Groupama, First Net, Novae, Hiscox, Amlin, Eurasia, Amlin (Bermuda), HSBC Re
Oct 29 2007 // Standard & Poor’s Ratings Services commented on an announcement by the Bermuda-based Everest Re Group Ltd. (A-/Negative/–) and related subsidiaries (collectively referred to as Everest). Following its...
Hiscox Opens U.S. Global Markets Division; Bolton to Lead Unit
Oct 15 2007 // Hiscox launched its U.S.-based Hiscox Global Markets, a division that underwrites internationally traded business via the Lloyd’s insurance market, and specialist retail business around the world. “The United...
Hiscox Launches Combined War, Terrorism, Political Violence Cover
Oct 12 2007 // The world is a dangerous place, and sometimes a very confusing one. Specialist insurer Hiscox has met the challenge of trying to separate outbreaks of “war, terrorism and political violence” as they...
U.S. excess and surplus lines market attracts international attention
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
Best Downgrades American Live Stock to ‘A’ after Hiscox Buy
Sep 4 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “A” (Excellent) from “A+” (Superior) and the issuer credit rating to “a” from “aa-“of American Live Stock...
Hiscox Profits up 72% to $209 Million
Aug 21 2007 // The Hiscox Group’s move to a Bermuda domicile seems to have paid off. The firm announced first half 2007 net pretax profits of £105.6 million ($209 million) and a 17.3 percent increase in gross premiums written to...
Hiscox Takes 49% Stake in UK Broker Allison & Partners
Aug 15 2007 // The Bermuda-based Hiscox Group has purchased 49 percent of UK Professional Indemnity broker and underwriting agency, Allison and Partners Insurance Services for an undisclosed price. The deal includes an option to buy the...
Hiscox Acquires ALTOHA
Jun 25 2007 // Bermuda-based Hiscox Ltd. has acquired – subject to regulatory approval – ALTOHA, Inc. an insurance holding company, and its subsidiaries, including American Live Stock Insurance Company, the premier live stock...
Ratings Roundup: Munich Re (Bonds)-QBERIO-QBEMEX-Scandinavia-Hiscox
Jun 15 2007 // Standard & Poor’s Ratings Services has affirmed its “A” junior subordinated long-term debt rating on the €1.5 billion ($2 billion) undated, subordinated, fixed-to-floating rate bonds issued by...
