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Hiscox

🌎 hiscoxgroup.com

Hiscox is a leader in specialist insurance, providing high-quality insurance products and excellent service to cover a wide range of personal and commercial risks. With over 100 years of experience, the company is a diversified international insurance group, listed on the London stock exchange and headquartered in Bermuda. It offers tailored insurance solutions for both individuals and businesses, including home insurance, business insurance, and specialty insurance.

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Hiscox - Latest News and Updates

• Hiscox issued their Q1 2025 trading statement, highlighting high quality growth and announcing a Capital Markets Day on May 22, 2025.
• On May 1, 2025, Hiscox filed a lawsuit against JRA Marble and Construction LLC and others in the New York Southern District Court.
• Hiscox appointed Nick Sinkus as Chief Underwriting Officer in the US, effective May 5, to lead all aspects of underwriting and product development.
• Hiscox has appointed Phil Withey as Chief Technology Officer for Hiscox London Market, where he will set the technology strategy and transform trading systems starting in June.
• Hiscox reported a 2.4% increase in group insurance contract written premiums to $1,558.0 million for Q1 2025, driven by 6.1% growth in Hiscox Retail and 4.0% growth in Hiscox London Market.

• Hiscox reported a 6.1% growth in its Retail segment and a 4.0% increase in the London Market, while maintaining a $170 million reserve for California wildfire losses, with CEO Aki Hussain noting progress in Europe and US digital direct.
• Hiscox reported a $100 million decline in ILS assets to $1.3 billion due to the California wildfires, with a net loss estimate of $170 million, primarily affecting the Hiscox Re & ILS division.
• Hiscox maintained a USD170 million net loss reserve for California wildfire claims and reported a 2.4% increase in group insurance premiums to USD1.56 billion in Q1 2025.
• Hiscox ILS team has been shortlisted for the Manager of the Year category at the Insurance Insider ILS Awards for the second consecutive year.
• Hiscox ILS has appointed Jack Ellison, formerly of Walkers, as its new Head of Legal, enhancing their team with his expertise in insurance-linked securities and reinsurance.

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