Hiscox
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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.
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The carrier said that aggregate nat cat losses year to date are within budget despite an "active" third quarter.
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The proposals, published in July, would have placed additional reporting burdens on large UK firms.
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DirectAsia is a direct-to-consumer business operating in Singapore and Thailand that predominantly sells motor insurance.
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London’s major carriers have projected bullish messages on a prolonged hard market for property, while acknowledging other classes are in very different cycles.
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The executive said new capital would require more data points to prove the long-term profitability of reinsurance underwriting.
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The carrier is “leaning into” the hard reinsurance market, while the London market segment has returned to growth.
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The carrier will provide cover to a wind farm and a solar farm as part of the Aon-brokered deal.
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The former Vibe CEO has also worked for Axis Capital and Ace.
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The carrier announced in March that Robert Childs was retiring after more than three decades at the company.
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Emily Taylor joined Hiscox as a senior underwriter in 2020.
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