Hiscox
-
The short-term disruption of relisting may be justified by the long-term benefits.
-
The consortium will offer up to $50mn of per-program capacity.
-
Leigh Hellrung joins from Farmers Insurance, where she worked for 11 years.
-
Hiscox, Beazley and Lancashire all delivered one-off capital returns while swerving casualty issues.
-
Syndicate 6104 closed its 2021 year of account with a profit of 4.1%.
-
The deals cover 42% of the carrier’s casualty reserves.
-
Continued geopolitical and climate uncertainty will hold up pricing.
-
The London-listed carrier announced a $150mn share buyback.
-
Gareth Wharton announced his exit after nearly 18 years with the company in a post on LinkedIn.
-
The carrier said the model will enable underwriters to offer lead quotes in just three minutes.
-
Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.
-
Cat losses were within budgets despite high levels of minor events.
-
CFO Paul Cooper said rates would be increasing “steadily to modestly” come 1 January.
-
The carrier said that aggregate nat cat losses year to date are within budget despite an "active" third quarter.
-
The proposals, published in July, would have placed additional reporting burdens on large UK firms.
-
DirectAsia is a direct-to-consumer business operating in Singapore and Thailand that predominantly sells motor insurance.
-
London’s major carriers have projected bullish messages on a prolonged hard market for property, while acknowledging other classes are in very different cycles.
-
The executive said new capital would require more data points to prove the long-term profitability of reinsurance underwriting.
-
The carrier is “leaning into” the hard reinsurance market, while the London market segment has returned to growth.
-
The carrier will provide cover to a wind farm and a solar farm as part of the Aon-brokered deal.
-
The former Vibe CEO has also worked for Axis Capital and Ace.
-
The carrier announced in March that Robert Childs was retiring after more than three decades at the company.
-
Emily Taylor joined Hiscox as a senior underwriter in 2020.
-
Most carriers were keen to talk about how they are taking on the ongoing hard market in Q1, but some complexities partly offset their good news.
-
Beth Boucher is non-executive director, audit committee member and chair of the nomination and remuneration committee at Coforge.
-
Reforms to the UK listing regime may enhance prospects of an insurance firm opting to IPO in London in future, but several broader problems, including liquidity issues, will also affect such a decision, according to industry sources.
-
Martindale will be responsible for bringing together the capital management and actuarial reserving teams.
-
The executive said the company was applying a “gentle brake” in the D&O class as rates fall.
-
The carrier hailed positive rating momentum in both the London market and the Re & ILS division.
-
He joins the division during a period of growth, with GWP surpassing $1bn for the first time in 2022.
-
Syndicate 33 also reported unrealised investment losses of $69.3mn in 2022, taking its total investment loss for the year to $43.2mn.
-
The London-listed carrier has made several changes to its remuneration policy.
-
The carrier said the initiative accelerates obtaining an entry-level underwriting licence by two-thirds.
-
The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector.
-
The property underwriter has also worked for Beazley and Liberty Mutual.
-
The executive said the carrier had sufficient “dry powder” to expand in hard market conditions.
-
The sub-syndicate will complement Hiscox’s existing portfolio, offering additional capacity to qualifying clients.
-
The executive has worked at Hiscox since 1986, in roles including group CUO.
-
The carrier reported a combined ratio of 90.6% despite losses from Hurricane Ian and Ukraine.
-
The ILS expert had joined as a portfolio manager in 2018 from Ontario Teachers’ Pension Plan.
-
Broker benefits include the ability to get a quote within seconds and to manage clients’ policies fully, Hiscox said.
-
The appointment comes after it emerged that Malcolm Smart is leaving the business to join Ark.
-
The figure has been consistently narrowing since reporting began in 2017.
-
Talbot hull underwriters Edward Carpenter and Benjamin Ewen recently resigned to join Everest Re.
-
The carrier is ready to deploy capital if rate rises prove attractive, Hiscox’s CEO said.
-
The carrier reported substantial expansion in its Re & ILS division, with GWP up by more than 32%.
-
The carrier focuses on risk and treaty catastrophe A&H coverage through its NOA Syndicate.
-
The loss portfolio transfer reinsures around $116mn of the group’s share of Syndicate 33 reserves from between 1993 and 2018.