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Hiscox Re’s insurance-linked securities arm has added a new portfolio manager to its Bermudian-based ILS investment team. Aaron Garcia moved to the company from London re/insurer Novae Group, where he spent five years as an international property tre...

Hiscox plans to ramp up capacity in anticipation of a pick-up in insurance prices. The company, which is based in Bermuda, said today it plans to increase the 2018 capacity for its Syndicate 33 at Lloyd’s by £450 million ($594.5 million) to £1.6 bill...

LONDON (Reuters) — Bermudian-based insurer and reinsurer Hiscox Ltd has estimated net claims of about $150 million from Hurricane Harvey and said it has yet to determine losses from Hurricane Irma. Insurers and reinsurers are counting the cost of Har...

Bermudian-based insurer and reinsurer Hiscox Ltd saw its profit more than halved for the first six months of the year. Its pre-tax profit of $102.6 million was down from the $206 million for the same period last year. However, if the impact of foreig...

Hiscox Ltd will set up a new unit in Luxembourg in response to Britain’s decision to leave the European Union. The island-based company, which is also one of the largest operators in the Lloyd’s of London market, said that all its European retail bus...

Bermuda’s Hiscox Re has taken on a new director of underwriting. Adam Szakmary, former CEO of Sompo-owned Blue Capital Management, will join Hiscox Insurance Co., replacing Damien Smith, who will become head of specialty for Hiscox Re in London after...

Hiscox made record profits in 2016 helped by favourable foreign-currency moves and increased earnings from its Hamilton-based reinsurance division. The group’s profits totalled £354.5 million ($440.8 million), up 64 per cent on 2015. The relative wea...

Bermudian-based re/insurer Hiscox’s credit ratings have been affirmed by AM Best. The company, based in offices on Wessex House in Reid Street, maintains an A financial strength rating from Best for its operating units. “The rating affirmations of Hi...

A healthcare reinsurance team is transferring from Hiscox Re to Ascot in Bermuda. However, the Hiscox group will continue to do healthcare insurance business in Britain and the US. In a statement, Hiscox said: “We have been in discussions with the he...

Maths wizard David Roache has gone to the top of the charts — in music as well as his profession. Mr Roache, 35, has been a successful reggae performer and now he has been promoted to head of risk excess at Hiscox Re. The Bermudian graduate in commer...

Hiscox’s leader in Bermuda, Jeremy Pinchin, is to return to Britain next year. After five years heading up the specialist global insurer’s operations on the island, Mr Pinchin is returning to London to continue in his role as Hiscox Group claims dire...

Hiscox is ready to restructure in response to Britain’s impending departure from the European Union — but Brexit is unlikely to do any harm to Bermuda as an insurance and reinsurance jurisdiction. That is view of Robert Childs, chairman of Hiscox, wh...