Hiscox
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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.
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The carrier reported substantial expansion in its Re & ILS division, with GWP up by more than 32%.
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The carrier focuses on risk and treaty catastrophe A&H coverage through its NOA Syndicate.
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The loss portfolio transfer reinsures around $116mn of the group’s share of Syndicate 33 reserves from between 1993 and 2018.
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The carrier completed legacy deals within both its Re & ILS and London market segments.
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The carrier is in growth mode in reinsurance following a period of caution, owing to pricing concerns.
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The carrier posted $48mn of losses relating to Ukraine and said that rates were keeping pace with inflation.
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Of the companies ShareAction has asked to disclose ethnicity pay gap data, just three financial firms, including Hiscox, have agreed to do so.
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The appointment of Pushpa Sriwignarajah comes amid change within the Hiscox cyber team.
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Craig Dunn’s exit follows a flurry of movement in the cyber market.
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His departure comes after several years of extensive remedial work on the Hiscox London Market property portfolio to strip out volatility.
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