Bermuda’s Hiscox Awarded CCI Status
Bermuda-headquartered international specialist insurer Hiscox announced today [Dec.12] it has been awarded Corporate Chartered Insurer status by the Chartered Insurance Institute [CII] for their Hiscox London Market business.
This award reinforces the firm’s pedigree as a first class underwriter with a commitment to professionalism and excellent claims handling.
Hiscox is one of few insurers to offer a technical programme that has been developed and delivered by its own senior underwriters and is open to both the claims and underwriting teams.
Furthermore all underwriters entering the business are required to sit exams with the CII to stay abreast of industry developments and continually build their knowledge base.
The Corporate Chartered Insurer status is an endorsement of these practices.
Russell Merrett, Managing Director of Hiscox London Market, said “Hiscox has a long history of demanding professionalism from our staff and we are passionate about passing on our collective underwriting wisdom. In a competitive global market place, there is no doubt that professional standards and practices are a pre-requisite for a profitable future.”
Based in Bermuda and listed on the London Stock Exchange, there are three main underwriting segments of Hiscox — Hiscox London Market, Hiscox UK and Europe and Hiscox International.
- Hiscox London Market underwrites internationally traded business in the London Market — generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s.
- Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals.
- Hiscox International includes operations in Bermuda, Guernsey and the US.
