Hiscox
-
The revised estimates come after Hiscox reported its results for the first quarter last week. -
The appointment of Granger follows other recent cyber market moves, including the entry of Starr to the market.
-
Swiss Re goes against the tide in expanding in cat, while specialty rates appear to be holding up better than expected.
-
Shares in the carrier were down 3% as it disclosed $40mn of estimated losses from the Ukraine war.
-
The carrier also announced a $116mn LPT for a casualty reinsurance run-off book its Re & ILS business.
-
The new lead underwriter has almost 30 years’ experience including stints at Chubb, Faraday and Howden.
-
Plus the latest executive moves and all the top stories from this week.
-
CEO Kate Markham and CUO Paul Lawrence discuss the biggest changes to the business, including a near 40% reduction in binders exposure and a push to lead more business.
-
The underwriter had worked at Hiscox since 2019 following a long stint at Ariel Re and predecessor entities.
-
The carrier predicted an improved performance for Syndicate 33 in 2021 and a narrower 2020 loss for 6104.
-
Despite the limited exposure overall, Hiscox said that it has some exposure on its terror and political violence book.
-
The CEO said that Hiscox had ‘negligible’ exposure in Russia and property exposures in Ukraine were heavily reinsured.
Most Recent
-
AJ Gallagher acquires Ireland-based Innovu Insurance
24 June 2022 -
QBE’s Gordon set to replace Jakobek as PPL CEO
24 June 2022 -
Miller appoints Bramwell for media insurance push
24 June 2022
