Hiscox
Hiscox predicts ‘market turn’ following record catastrophe losses
Hiscox will increase its capacity by £450m next year in anticipation of a “widespread market turn”.
Hiscox appoints Kate Markham as CEO of London Market business
Hiscox has appointed Kate Markham to its newly created role of CEO of its London Market business.
Analysis: Hurricane harm
Hurricane season has caused devastation across the Atlantic but, despite the human death toll, the impact on reinsurers is likely to be limited
Hiscox forecasts rates rise and $225m in Harvey and Irma claims
London market insurer Hiscox anticipates the combined net cost of claims from hurricanes Harvey and Irma to be around $225m (£170m).
Beazley anticipates $150m hit from Atlantic hurricanes and Mexico earthquakes
Beazley expects to take a $150m (£112m) hit on earnings as a result of hurricanes Harvey, Irma and Maria as well as the recent earthquakes in Mexico.
Underwriting Service Awards 2017: Shortlist revealed
The shortlist for this year’s prestigious Underwriting Service Awards has been announced.
Digital Fineprint launches second funding round
Exclusive: Insurtech firm Digital Fineprint is negotiating a second funding round, as it gears up to release results for its first year of operation.
Analysis: Broker claims research
Earlier this year, brokers were invited to score insurers on their claims handling, grading different classes of business on their performance from excellent to poor. Jonathan Swift examines the results
Hiscox appoints ex-GCHQ spy chief
Hiscox has appointed ex-GCHQ director Robert Hannigan as special advisor on cyber security to provide the business with intelligence on cyber risks and products.
Hiscox estimates Harvey impact at $150m
Hiscox anticipates the impact Hurricane Harvey to produce net claims of $150m (£110.6m).
Neon looks to Hiscox for new property underwriter
Former Hiscox underwriter Ben Murphy has joined Neon’s property Insurance team in London.
London Market insurers take fall after Harvey, no sign of ratings rise
Hurricane Harvey’s deluge of wind and rain across Houston and the Texas Gulf Coast hurt the shares of London Market property and casualty insurers on Tuesday as analysts peg insured losses as high as $20bn (£15.5bn).
Hiscox partners with Digital Fineprint to tackle underinsurance of SME clients
Hiscox has partnered with insurtech start-up Digital Fineprint in order to gauge how social media data can be used to educate business on the risks they face and the insurance solutions that are available to them.
Blog: A dozen UK and European insurtech start-ups to watch in 2017 and beyond – part one
Almost $1bn ($985m) was invested in insurtech in the second quarter of 2017.
GDPR to boost UK cyber insurance take up, says Hiscox CEO
Incoming European data regulations will drive demand for cyber insurance in the UK, according to Hiscox’s CEO.
Hiscox sees profit and GWP rise in H1
Hiscox saw its gross written premiums increase to £1.45bn in H1, a 13% rise on the same period last year.
Market Moves: August 2017
Some of the movers and shakers in the market this month
When cyber gets physical
Recent events such as the Wanna Cry ransomware attack and British Airways’ computer outage have helped to drive sales of cyber insurance, but there are concerns that a significant part of the risk is being overlooked
Hiscox’s Robert Childs appointed deputy chairman of Lloyd’s
Industry heavyweight Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s.
Dive In to delve into the 'Diversity Dividend'
The 'Diversity Dividend' is the theme of the third edition of the Dive In festival taking place in September.
Data analytics will impact property underwriting but could lead to 'uninsurable' properties
Increased analytics and data capturing will be integral to the future of underwriting global property but could lead to uninsurable properties, insurers have said.
Hiscox CEO opens exhibition celebrating immigration in Britain
A new exhibition telling the stories of the children of a generation of immigrants opened at the Hiscox Art Café last night.
RSA chooses Luxembourg for post-Brexit hub
Insurance giant RSA is to set up an office in Luxembourg in response to the UK’s decision to exit the European Union.
Insurers expecting ransomware claims to increase following Wanna Cry hack
Cyber attacks carried out with ransomware are becoming more common with the number of ransomware claims rising to 22.4% in 2017, CFC Underwriting has said.