Hiscox

The company finds itself at a crossroads as it considers its choice of new leadership.

Leisure broker NDML said the settlement was an ‘initial figure’, with more claims yet to be finalised.

A departure in the spring now seems likely, with Hiscox Global Retail CEO Walter and CFO Hussain internal candidates for the top job.

The Financial Conduct Authority’s latest release on UK claims data for Covid-related BI losses shows an acceleration of acceptances during June.

Markel, Beazley, Hiscox, Chaucer, Brit and Liberty Specialty Markets are all participants in the product development.

He worked for eight years at the French firm, where he oversaw the strategic direction of its ILS business.

The London-listed carrier has paid 384 claims of £49,000 each on average.

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.