Hiscox

Policyholders advised by Mishcon club together for an expedited dispute resolution process on Covid-19 claims.

Other rival parties are understood to remain in talks about buying the shuttered entity's assets.

Hiscox’s 90% projected CoR should prompt further thought at Lloyd’s on moving to a growth paradigm.

The carrier cut its exposure significantly in the first half of the year as the firm reassesses its view of risk

The carrier increased its claims estimate for Covid-19 by $82mn to $232mn and reported a loss of $139mn.

The group reserved $232mn for Covid-19 related claims and cut back on its Re & ILS GWP.

The insurer said that the lockdown measures were “unprecedented” and were not covered in policies.

The latest Insider Progress virtual event reveals practical tools for companies to support black professionals.

Insurers involved in the Financial Conduct Authority (FCA)’s test case for BI disputes have contested the regulator’s assertion that the Covid-19 outbreak was the proximate cause of insureds’ losses.

The Hiscox Action Group (HAG) has been given permission to take part in the Financial Conduct Authority (FCA)’s test case on Covid-19 business interruption (BI) claims.

It will have a maximum line of over $20mn and allow members to adjust lines on a risk-by-risk basis.

The campaign group wins the right to intervene in the key BI Covid-19 action.