Hiscox: Too Early To Estimate Sandy Claims

November 5, 2012

Bermuda-based Hiscox Ltd said that they “have not received any material notifications of claims from our insureds at this stage which makes it too early to produce any meaningful estimate of claims from Sandy.”

Bronek Masojada, Chief Executive, commented: “Until Superstorm Sandy hit last week it had been a relatively quiet year for Hiscox which puts us in a good position to absorb any losses. The devastation wreaked by Sandy reminds us all of the critical role insurers play in people’s lives. Our focus now is to help our clients get back on their feet.”

Sandy slammed into the U.S. East Coast last week, killing over 100 people and leaving a trail of destruction.

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