A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, …
Specialist global insurer Hiscox has launched a Security Incident Response (SIR) policy designed to provide clients with crisis management services. “SIR will enable organizations to fulfil their duty of care obligations to protect people, operations, shareholder value and long-term brand …
Specialist global insurer Hiscox has announced the appointment of Trish White as London regional manager for Professional and Specialty Commercial lines within Hiscox UK. White joins Hiscox from AIG, where she had worked since 2007 in a range of roles …
A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union, Ireland’s central bank said on Thursday. Ireland is …
Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To tackle the downturn in …
Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017. He will succeed Jeremy Pinchin who, after five years in Bermuda, will return to …
U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry conference on Tuesday. AIG …
Specialist global insurer Hiscox has announced the promotion of Justin Bowen to chief underwriting officer for its European operations. Bowen has worked at Hiscox since 2000 and held a number of different roles within its UK business. Having joined to …
Hiscox announced it has formed a new US$1 billion fine art consortium, the result of a collaboration with Ascot Underwriting. The $1 billion capacity consortium has been constructed specifically to streamline the process of placing large fine art risks within …
Specialist insurer Hiscox has launched a new crime product, Hiscox Crime Insurance, designed to protect small businesses in the UK and Ireland against a broad range of fraudulent acts from both internal and external parties. Designed to complement other commercial …
