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Specialist insurer Hiscox saw gross premiums written rise 3.6 per cent to $4.43billion, or around £3.75billion, despite foreign exchange headwinds triggered by a strengthening dollar. ....
Hiscox boosts profit in first half of 2021 globalreinsurance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalreinsurance.com Daily Mail and Mail on Sunday newspapers.
Hiscox sets aside £34m for US storm, but less impact expected from Suez block 05/05/2021, 10:38 am The Ever Given cargo ship blocked one of the world’s most important waterways for days (Suez Canal Authority/PA) Insurer Hiscox has set aside 47 million dollars (£34 million) for a winter storm that ripped through North America, but does not expect any material impact from the ship that blocked the Suez Canal for several days. The company said its UK and European businesses were getting fewer claims from customers than was expected, but it is fighting a rise in claims for cyber attacks, especially in the US. ....
Hiscox counts cost of pandemic claims after 2020 loss Updated / Wednesday, 3 Mar 2021 07:53 Hiscox lost a high-profile court case over policy wordings earlier this year Insurer Hiscox swung to a huge loss for 2020 today and continued to withhold a dividend due to a spike in business insurance claims from the Covid-19 pandemic. This comes after it lost a high-profile court case over policy wordings earlier this year. Hiscox is part of a group of insurers that had argued many business interruption policies did not cover disruption after UK government measures to curb the coronavirus. It posted a pre-tax loss of $268.5m for the 12 months ended December 31, compared with a profit of $53.1m a year earlier. ....