Hiscox News

Hiscox Enhances Security Incident Response Product for Businesses

Hiscox has enhanced its Security Incident Response (SIR) product to provide additional protection for ‘business integrity risks’ including corruption and fraud. The new SIR policy also includes cover for expenses incurred by a business when dealing with an insured event. …

Hiscox Appoints Insureon’s Wood as Midwest Regional Executive

The international specialist insurer, Hiscox, has appointed Andrew Wood as Midwest regional executive for the U.S., based in Chicago. With nearly 25 years of industry experience, Wood will be responsible for leading the growth and performance of the Midwest underwriting …

Hiscox Appoints Hill from Blackboard Insurance Co. as Head of Claims in the U.S.

Hiscox, the Bermuda-headquartered specialist insurer, announced the appointment of Melissa Hill as head of Claims in the United States. Hill, who has more than a decade of experience in claims operations, will oversee the strategic direction and performance of the …

Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters

Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit are all threatening Lloyd’s reputation as the place to insure anything …

Why It’s Difficult to Insure Iconic Properties Such as Notre Dame

Rebuilding Notre Dame, the 800-year-old Paris cathedral devastated by fire last week, will cost billions of dollars as architects, historians and artisans work to preserve the medieval landmark. But contrary to what one might think, little of the money will …

Luxembourg Attracts 50 Firms for Their Post-Brexit EU Headquarters

Luxembourg said it is “very pleased” that about 50 asset managers, insurers, and other financial firms have looked to the Grand Duchy as a foothold in the European Union once the U.K. leaves the bloc. “We are very pleased with …

AXA Real Estate Unit Confident About Its London Skyscraper, Despite Brexit Uncertainty

It was a tricky time for the commercial real estate business in London. Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant AXA SA was trying to figure out …

Hiscox Stages Cyber Attack to Show Small Businesses What It’s Like to Be Hacked

Hiscox, a specialist in small business and cyber insurance, recently staged a “real world” hack to demonstrate what a cyber attack would look like for small businesses. The insurer collaborated with UK bike manufacturer Brompton Bicycle, constructing overnight a complete …

UK MGA Nexus Acquires Hiscox Global Flying

Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Ltd., a Nexus Group company that specializes in accident & health and travel insurance. HGF …

Hiscox USA Promotes Hart to Product Head for Media

Specialty insurer Hiscox USA has promoted David Hart to senior vice president, product head for Media. Hart, who joined Hiscox in 2006 and manages media and entertainment insurance products in the U.S., has three decades of experience underwriting media and …