Hiscox
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Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses. -
We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment.
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The carrier noted that the board has commenced the search for a permanent chair.
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The ex-Prudential CEO was aboard the yacht with tech entrepreneur Mike Lynch.
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Hiscox has gone live with its AI-enhanced lead underwriting model for sabotage and terrorism business.
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Lancashire was the only carrier to see double-digit growth in insurance revenue for H1.
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Plus the latest people moves and all the top news of the week.
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Hiscox posted a H1 London market combined ratio that worsened by 3.7 points to 86.9%.
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Hussain said the firm’s exposure to the CrowdStrike losses was “immaterial”.
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Hiscox said in its big-ticket businesses, “positive market conditions have persisted”.
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Hales will switch to underwriting after a career specialising in marine claims.
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The City grandee has experience on the Catlin, Convex and Miller boards.
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