Hiscox
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The regulator reiterates call for prudence after Hiscox, Aviva, RSA and Direct Line pull payouts.
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The proportion of loss-makers falls 4 points from 2018 but is three times as high as 2014. -
The carrier withdraws financial guidance for 2020, but sticks to its 2022 combined ratio target for Hiscox Retail.
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Kate Markham takes over from Aon’s Richard Dudley, who was recently appointed Liiba chair.
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AIG marked a third straight day of stock price losses, ending at $18.78 per share.
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The biggest hit would come from the IOC’s $800mn event cancellation contract.
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The CEO said the company was only prepared to deploy capital if increases were sufficient.
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The carrier’s shares earlier surged after higher than expected reserve disclosures.
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The carrier reports 11 percent London market rate growth.
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The experienced underwriter left Canopius last year on the eve of the AmTrust merger.
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Michael Jordan worked at the London-listed carrier for more than 14 years.
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The equity research firm said Beazley and Hiscox would be challenged by their casualty exposure.
