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Bermudian-headquartered Hiscox Ltd, the international specialist insurer, has announced that Kevin Kerridge will succeed Steve Langan as CEO of Hiscox USA. The appointment is effective May 15. The company said Mr Kerridge, who will report to Ben Walt...

Hiscox has vowed to learn from the past after being bruised by the Covid-19 pandemic, particularly with regard to disputes around business interruption claims. The Bermudian-headquartered global specialist insurer said it recognised that its brand ha...

Hiscox is the latest insurance company to announce it will eliminate its insurance, reinsurance and investment exposure to coal-fired power plants and coal mines. The Bermudian-headquartered company, which also operates Hiscox Re & ILS, has become th...

Insurers must pay out hundreds of millions of dollars in disputed business interruption insurance claims after Britain’s Supreme Court ruled in favour of claimants today. Bermudian-based Hiscox said its estimated 2020 Covid-19 loss estimate had climb...

Hiscox has appointed Marlon Williams to serve as a senior property underwriter within its Hiscox Re & ILS division. Mr Williams has nearly 20 years’ experience in the industry and joins from Markel, which closed it property catastrophe unit in Bermud...

Hiscox Re & ILS saw gross written premiums decrease by 7 per cent to $763.6 million in the first nine months of this year. Excluding the impact of reinstatements following losses last year, premiums are down by 12 per cent in the period up to the end...

Kathleen Reardon is to become chief executive officer of Hiscox’s reinsurance and insurance-linked securities business. The former CEO of Hamilton Re will replace Mike Krefta, who will step down in early 2021 as previously announced. Ms Reardon wil...

Hiscox must pay out on some of its clients’ disputed business interruption insurance claims, the High Court of England and Wales ruled yesterday. The Bermudian re/insurer reckons the judgment will result in less than £100 million ($129 million) of ad...

Hiscox reserved $232 million for Covid-19 related claims in the first half of the year. The Bermudian-based re/insurer, which posted a loss of $138.9 million for the first six months of the year, is one of eight insurer participants in a case brought...

Mike Krefta, the leading executive in Hiscox’s Bermuda business, is to leave the global re/insurer, the company announced this morning. In a statement, Hiscox said Mr Krefta had decided to return to the UK in early 2021, having completed almost four ...

Hiscox is to raise as much as $500 million in an equity sale to take advantage of new opportunities in the post-Covid-19 insurance market. At the same time, the Bermudian re/insurer has estimated potential business UK interruption insurance losses of...

Hiscox is considering raising capital to take advantage of hardening rates in the wake of the Covid-19. The announcement comes as the company faces potential legal action from hundreds of policyholders who dispute Hiscox’s denial of their coronavirus...