Hiscox

Cyber, mortgage and crop were identified as attractive growth areas.

The carrier’s retail division saw premiums increase by 7.3% to $2bn.

The underwriter has worked at Hiscox, Lloyd’s, Chubb and Zurich.

Marlon Williams will focus on the placement of reinsurance and retro business.

The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.

Top line grew across all carriers even as pre-tax profits dipped.

Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.

The carrier posted its H1 results earlier today, beating analyst consensus.

The carrier also announced an increased share-buyback programme.

Stephane Flaquet replaces George Marcotte, who has been interim COO since September 2024.

The executive previously held roles at Capgemini, The Hartford and AIG.

Plus, the latest people moves and all the top news of the week.

The broker has been building out its Bermuda reinsurance presence.

Analysts were interested in the potential for fee income from the retail division.

Peter Clarke will succeed interim chair Colin Keogh.

The majority of the savings are expected to be realised in the retail division.

The hire is the latest in the newly formed carrier’s buildout.

Motion Specialty will initially focus on high value home and flood insurance in the US.

Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.

Plus, the latest people moves and all the top news of the week.

The executive also addressed the impact of the US tariffs.

The carrier reported a 3% price reduction across London market business.

The executive joins from the London Stock Exchange.

Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.

The executive joins from IG Group.

Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.

The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.

Conditions in the London market remain attractive according to CEO Aki Hussain.

Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.

The carrier announced a $175mn share buyback.

Newer swing products offer an alternative way to deal with escalating awards.

The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.

Amie Townsend will be responsible for developing Beat’s UK and Europe platform.

The MGA can now put down $200mn lines in the niche aviation war class.

In 2019, Shali Vasudeva left her COO role at Hiscox to join Axa UK & Ireland as COO.

The movers include former line underwriter for major property D&F, James Robertson.

A resurgence in IPO activity may help provide new business for underwriters and reduce competition.

Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.

The carrier’s retail division saw the largest growth at 4.7%.

Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses.

We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment.

The carrier noted that the board has commenced the search for a permanent chair.

The ex-Prudential CEO was aboard the yacht with tech entrepreneur Mike Lynch.

Hiscox has gone live with its AI-enhanced lead underwriting model for sabotage and terrorism business.

Lancashire was the only carrier to see double-digit growth in insurance revenue for H1.

Plus the latest people moves and all the top news of the week.

Hiscox posted a H1 London market combined ratio that worsened by 3.7 points to 86.9%.

Hussain said the firm’s exposure to the CrowdStrike losses was “immaterial”.

Hiscox said in its big-ticket businesses, “positive market conditions have persisted”.

Hales will switch to underwriting after a career specialising in marine claims.

The City grandee has experience on the Catlin, Convex and Miller boards.

Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.

With Hiscox’s founders no longer at the helm, deal-making may be more achievable.

This publication reported that parties including Sompo and Generali were circling the carrier.

A round-up of all the news you need today, including the possible sale of Hiscox and a new CFO at BMS.

Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.

Curtis Dickinson will help to oversee the strategy and vision of Hiscox Re & ILS.

The executive said Lloyd’s was the “best place” to underwrite emerging risks.

In this episode, Hiscox London Market CEO Kate Markham discusses the carrier's AI lead underwriting project with Google Cloud, and the opportunity the insurer sees underwriting energy transition business in the Lloyd's marketplace.

The carrier said rating in the London market came in ahead of expectations.

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.