Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE July 9, 2020 By Carolyn Cohn and Huw Jones The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims,...
Hiscox Launches ‘Variable Consortium’ for Hard-to-Place U.S. General Liability Risks July 6, 2020 Hiscox, the Bermuda-based specialist insurer, together with RKH Reinsurance Brokers, has launched a new variable consortium with a maximum line...
Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study June 23, 2020 By L.S. Howard Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm...
Hiscox, Thimble to Offer Short-Term Business Insurance Plans June 23, 2020 Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour,...
UK Insurers Cite Swedish Example in Bid to Dodge Coronavirus Biz Income Payouts June 17, 2020 By Lucca de Paoli Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute June 15, 2020 By L.S. Howard The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business...
Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory June 10, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift....
British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover June 1, 2020 By Huw Jones and Carolyn Cohn Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should...
UK Regulator Seeks Court Review in July to Resolve COVID-19 Insurance Dispute May 8, 2020 By Carolyn Cohn and Kirstin Ridley Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July,...
Hiscox Raises £375M to Respond to U.S. Wholesale, Reinsurance Growth Opportunities May 6, 2020 By L.S. Howard Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement...