Latest Hiscox Headlines
All the headlines from our Hiscox Topic Page, ordered by recency.
Hurricanes Lower Hiscox 2004 Profits to $148 Million
Mar 14 2005 // U.K. insurer Hiscox plc reported a drop in profits for 2004 of around 8 percent, posting a net figure of £77 million ($148.1 million), compared to £83.4 million ($160.5 million) in 2003, as losses from the Florida...
S&P Affirms Hiscox ‘A-‘ Ratings; Outlook Stable
Dec 22 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” long-term counterparty credit and insurer financial strength ratings on U.K.-based P/C insurer Hiscox Insurance Co. Ltd....
Best Affirms Hiscox ‘A-‘ Rating
Nov 3 2004 // A.M. Best Co. announced that it has affirmed the U.K.’s Hiscox Insurance Company Limited’s financial strength rating (FSR) of “A-” (Excellent), and has assigned an issuer credit rating (ICR) of...
Hiscox Estimates Hurricanes’ Impact at $45 Million
Oct 5 2004 // U.K. insurer Hiscox PLC, which writes coverage both in the Lloyd’s market and independently, said that based on an initial review of its losses from the recent four hurricanes, which caused extensive damage in the...
U.K.’s Hiscox Posts Record $154 Million Net Pre-tax Profit
Mar 22 2004 // London’s Hiscox plc, which writes coverage both through the Lloyd’s market and independently, posted record pre tax profits for 2003 of £83.4 million ($154 million). In addition to the record earnings the...
Best Affirms Hiscox ‘A-‘ Rating
Oct 27 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of the U.K.’s Hiscox Insurance Company Limited, with a stable outlook. “The rating reflects the company’s...
S&P Raises Hiscox Insurance to ‘A-‘
Oct 22 2003 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer Hiscox Insurance Co. Ltd. (HISCO) to...
Hiscox Notes Increased Demand for Terrorism Coverage
Apr 7 2003 // The U.K.’s Hiscox Plc, a leading London market insurer, partly owned by Chubb Corp., has reportedly seen an increase in the demand for coverage of terrorist related risks by small and medium-sized U.S. companies...
Hiscox Affirmed at ‘A-‘
Oct 28 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of Hiscox Insurance Company Limited (Hisco). The rating reflects the company’s excellent capitalization and prospective financial performance,...
Hiscox Launches New System for U.S. Terrorism Insurance
Oct 14 2002 // London-based Hiscox Plc, which operates in both the Lloyd’s and specialty lines markets, announced the launch of a unique broker “extranet system” to provide solutions for U.S. clients requiring terrorism...
Hiscox Criticizes Chubb as Shareholders Approve Rights Issue
Sep 27 2002 // Hiscox plc shareholders, with one notable exception, approved the company’s plan to issue up to 96.4 million new shares through a rights offering aimed at raising an additional £110.5 million ($171 million) to...
Chubb to Vote Against Hiscox Rights Issue
Sep 25 2002 // Chubb Corp. issued a statement that its investment services subsidiary would vote its 54,529,566 ordinary shares in Hiscox plc against the shareholder resolutions seeking approval for the issuance of 96.4 million new...
A.M. Best Affirms Hiscox ‘A-‘ (Excellent) Rating
Sep 19 2002 // A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of the U.K.’s Hiscox Insurance Company Limited (Hisco) with a stable outlook. The London-based insurer, a wholly owned...
Hiscox Posts $46 Million Loss; Places $33 Million in Cat Bonds
Apr 16 2002 // The U.K.’s Hiscox Group, which operates as a retail insurer as well as running Lloyd’s Syndicate 33, reported a £32.5 ($46.5 million) loss for 2001, largely as a result of claims related to the attacks on...
Chubb Still Interested in Hiscox
Jan 2 2002 // Chubb Corp. is reportedly still interested in acquiring London-based specialty insurer Hiscox Plc, despite the rejection of a friendly offer made last January. It’s raised its stake in the company to over 28 percent...
Hiscox Increases WTC Loss Estimates to
Oct 22 2001 // U.K. insurer Hiscox plc, which operates in the Lloyd’s market and independently, announced that it now expects net losses from the September 11 attacks on the U.S. to total around £30 ($43.5 million) rather...
Hiscox Estimates Loss from U.S. Attacks at
Sep 26 2001 // The U.K.’s Hiscox Plc, which writes business through the Lloyd’s market and independently, released its estimate that the Sept. 11 attacks in the U.S. would cost it around £20 million ($29.25...
Homeowners Underinsured by 60%, Hiscox
Jul 25 2001 // A recent Hiscox study reveals that most high value homeowners have little idea of the true value of their home contents. The study compared 64 high value homeowners’ previous valuations with the new valuations...
CHUBB WEIGHS OPTIONS
Feb 12 2001 // Chubb announced that it was reevaluating its options as a long-term investor in the Lloyd’s insurer Hiscox. Chubb currently has a 27-percent holding of Hiscox shares and had offered $3.087 a share, or $458 million,...
Chubb “Considering its Options” After Hiscox Rejection
Feb 6 2001 // Chubb Corp. announced that it is “considering its options regarding its 27 per cent holding of Hiscox shares,” following the Lloyd’s insurer’s decision to terminate discussions with Chubb to acquire...
