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Bermuda’s Hiscox Awarded CCI Status

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... Read more of this article

Hiscox: Terror Coverage For US Hospitals

Hiscox: Terror Coverage For US Hospitals

Bermuda’s Hiscox Ltd. today [Nov.30] released a new insurance product designed to protect US hospitals from the threat of terrorist attacks. The new product, developed by Hiscox’s Hamilton, Bermuda-based health care unit, is the first terrorism coverage offering in the US marketplace crafted specifically for the health care industry, the... Read more of this article

Best Affirms Top Ratings For Hiscox

Best Affirms Top Ratings For Hiscox

A.M. Best’s European rating service has affirmed the financial strength rating [FSR] of A [Excellent] and issuer credit rating [ICR] of “a” of Bermuda-based Hiscox Insurance and its local and internationalo subsidiaries. Concurrently, A.M. Best has affirmed the FSR of A [Excellent] and ICR of “a+” of Lloyd’s of London Syndicate 33,... Read more of this article

Hiscox: Small Business Contest Winners

Hiscox: Small Business Contest Winners

Bermuda’s Hiscox, the first company offering US small businesses the ability to obtain quotes and buy small business insurance direct, online and in real-time, announced that Victoria Kidd, co-founder of OMP Consulting Group, a career management and resume-writing firm, has won the Hiscox MyStartUpStory Contest first place prize of $10,000. The... Read more of this article

Hiscox Partnership With TechInsurance

Hiscox Partnership With TechInsurance

Bermuda-headquartered Hiscox, the first insurer offering US small businesses the ability to purchase business insurance direct, online and in real time, today [Nov.8] announced a partnership with TechInsurance to meet the needs of their small IT services customers. Businesses visiting TechInsurance’s website for insurance coverage can now get... Read more of this article

Hiscox Poised To Benefit From Rate Rises

Hiscox Poised To Benefit From Rate Rises

Bermuda-based specialist insurance and reinsurance group Hiscox saw gross written premiums ease 3.0% year-on-year in the first nine months of the year, in line with expectations as the company becomes more picky about the risks it underwrites. Hiscox announced today [Nov.7] that gross written premiums totalled £1,169.5 million from £1,205.3 million... Read more of this article

Hiscox Appoints Damien Smith To Bermuda Role

Hiscox Appoints Damien Smith To Bermuda Role

Damien Smith has been appointed as Underwriting Director/Executive Vice President, for Hiscox’s Bermuda reinsurance business. Reporting to Charles Dupplin, Hiscox Bermuda’s CEO, Damien Smith joined Hiscox in 1994 and has held a variety of re/insurance roles for the company, most latterly as Head of Non-Marine Treaty. In Bermuda he will be responsible... Read more of this article

Hiscox Ltd. Launches New US Mobile Site

Hiscox Ltd. Launches New US Mobile Site

Bermuda-headquartered Hiscox, the first company offering US small businesses the ability to obtain quotes and buy small business insurance direct, online and in real-time, announced today [Oct. 26] the launch of their US mobile site. The Hiscox mobile site will allow customers on mobile devices to access information about purchasing small business insurance... Read more of this article

Hiscox Eyes Booming UK Vintage Market

Hiscox Eyes Booming UK Vintage Market

In the midst of a British vintage love affair, a Bermuda insurer has warned consumers are at risk of being underinsured with 57 percent of people admitting they don’t know the monetary value of their own collectibles despite thinking they may have increased in price. The research by Bermuda-headquartered home insurance specialist Hiscox also found... Read more of this article

Hiscox Launches Small Business Contest

Hiscox Launches Small Business Contest

Bermuda-headquartered Hiscox, the first company offering US small businesses the ability to obtain quotes and buy small business insurance online and in real-time, is looking for entrepreneurs, consultants and other small business owners to share their start-up stories and advice for a chance to win $10,000 and other prizes. The Hiscox “MyStartUpStory”... Read more of this article

Hiscox Predict Catastrophe Rate Increases

Hiscox Predict Catastrophe Rate Increases

Bermuda-based Hiscox, the second-largest Lloyd’s of London insurer by market value, said first-quarter sales fell eight percent amid a “tough” market — but anticipated a rate increase of up to 10 percent in US catastrophe reinsurance business for 2011. In a statement issued today [May 9], Hiscox said gross written premiums declined to $743.4... Read more of this article

Hiscox Launches 2011 Graduate Scheme

Hiscox Launches 2011 Graduate Scheme

Specialist insurer Hiscox has launched its 2011 graduate scheme for Bermudian graduates. With the application process now underway, Hiscox is searching for two Bermudians who graduated in either 2009 or 2010, or will be graduating this summer. This year Hiscox Bermuda is specifically looking to appoint an underwriting trainee and an operations trainee,... Read more of this article

Hiscox Japan Estimate: $60 – $150 Million

Hiscox Japan Estimate: $60 – $150 Million

Bermuda based Hiscox Ltd, has undertaken a first estimate of the impact of the 2011 New Zealand earthquake and the 2011 Queensland floods. The Group also makes an early comment on the Japanese earthquake and tsunami of 11 March. Based on an insured market loss of US$10 billion for the New Zealand earthquake, and US$2.4 billion for the floods in Queensland,... Read more of this article

Hiscox Acquires Historic Maps Of Bermuda

Hiscox Acquires Historic Maps Of Bermuda

A good map, it’s been said, is both a useful tool and a magic carpet to a far away place. And now, more than 300 years after they were published in Europe, two rare 17th century maps of Bermuda have arrived in the farway place they charted with such pinpoint accuracy. Specialist  insurer Hiscox announced today [Mar. 8] it had acquired copies... Read more of this article

Hiscox: ‘Tested By Mother Nature’ In 2010

Hiscox: ‘Tested By Mother Nature’ In 2010

Bermuda-based specialist insurer Hiscox today [Feb. 28] announced Hiscox the firm paid out £165 million in claims relating to global catastrophes last year — but signalled its confidence in the future with a 10 percent increase in its dividend. Gross written premiums were little changed at £1,433 million in 2010 from £1,435 million in 2009,... Read more of this article

Hiscox ‘Leaps’ Into Production of Web Series

Hiscox ‘Leaps’ Into Production of Web Series

Bermuda headquartered specialist insurer Hiscox today [Feb. 14] announced that production has begun on “Leap Year”, a ten-episode scripted comedy web series that explores the challenges and opportunities entrepreneurs and small business owners encounter when starting up their businesses. “Leap Year” follows five friends and... Read more of this article