Hiscox

Staff displacement has been high in the D&O market after a period of dramatic rating adjustment in 2020.

Hiscox has reached a settlement with the Hiscox Action Group (HAG) following a private arbitration process over Covid-19 BI claims.

Illingworth was CUO at MS Amlin, while Hayes spent more than a decade at Zurich, and Cliff hails from Avid.

The analyst says Hiscox must convince investors of a retail bounce-back, while Lancashire’s attritional loss ratio is key to better trading.

Small business insurer Hiscox Insurance Co and Cox Radio reached a settlement on a long-term legal battle on Monday connected to the leaking of a sex tape involving the famed wrestler Hulk Hogan.

The underwriting executive will oversee lines including cyber, D&O and casualty.

The transfer, which includes most of the Hiscox USA surplus lines broker business, secures coverage of Hiscox reserves valued at $520mn.

The US-based hire has held senior D&I and transformation roles at Accenture.

Hiscox, a lead market for D&O in London, takes its peer’s head of London market financial lines.

The pandemic has underscored the strength of Lloyd’s trading resilience and shown the market’s ability to thrive in a digital environment, according to Hiscox CEO Bronek Masojada.

The carrier reserves $47mn for Storm Uri but says the overall claims experience was positive.

The recruitment comes after several exits from Hiscox’s liability team.