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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...

Around 100 bars and nightclubs plan to team up in legal action against Hiscox over the Bermudian re/insurer’s denial of business interruption insurance claims related to the Covid-19 pandemic. The move by the Night Time Industries Association comes a...

Hiscox yesterday spoke out about its potential claims exposure to Covid-19 after some customers threatened legal action over the insurer’s refusal to pay business interruption claims. The Sunday Times reported last weekend that a group of businesses...

Hiscox has cancelled a scheduled dividend and withdrawn financial guidance for the time being due to uncertainty created by the Covid-19 crisis. In a statement, Hiscox said its board had decided that the resolution to pay a 29.6 cents per share divi...

Shares of Bermudian-based re/insurer Hiscox rose more than 4 per cent in London yesterday after the company said its exposure to potential coronavirus-related losses was “manageable”. In an interview with The Royal Gazette, Rob Childs, chairman of Hi...

Specialist insurer Hiscox has a new home. The company has moved to new digs in Chesney House on Pitts Bay Road, Pembroke, in the heart of Bermuda’s reinsurance hub. The new locale is head office for the Hiscox Group as well as a location for Hiscox R...

LONDON (Reuters) — Shares in Hiscox fell as much as 18 per cent yesterday after brokers cut their price targets on the stock following meetings with the Bermudian-based insurer, in which it gave more details on its financial expectations than in a th...

Hiscox said its business saw growth across all segments over the first nine months of the year as gross premiums written climbed 7.3 per cent. The insurer and reinsurer also had a busy third quarter for catastrophe claims and has set aside $165 milli...

Bermudian-based Hiscox reported a 3 per cent increase in first-half profit, as premiums rose and investment performance improved. Profit before tax for the first six months of the year totalled $168 million, up from $162.7 million in the same period ...

Criminal charges involving $1.8 million have been approved against the former chief financial officer of a Bermudian-based reinsurance company, it was revealed yesterday. Yuval Abraham, who worked at Hiscox and whose whereabouts are unknown, faces ei...

Hiscox Ltd reported rate increases for its reinsurance and London market businesses during the first quarter. The Bermudian-based insurer and reinsurer said its gross premiums written grew by 3.3 per cent to $1.165 billion from $1.157 billion in the ...