52 Week Range
As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay
3M AVG Volume
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Hiscox Reserves $75 Mln For Catastrophe Claims In Q3
UK's FCA fails to reach deal with insurers on business interruption claims
Lloyd's of London launches business interruption insurance
Hiscox Limited is a Bermuda-based insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre. Its Hiscox Retail consists of Hiscox United Kingdom and Ireland, Hiscox Europe and Hiscox International. The Hiscox United Kingdom and Europe division provides commercial insurance for small- and medium-sized businesses. Its Hiscox London Market consists of the internationally traded insurance business, including lines in property, marine and energy, casualty and other specialty insurance lines. Its Hiscox Re is the reinsurance division of the Company, combining the underwriting platforms in Bermuda, London and Paris. The Corporate Centre consists of the investment return, finance costs and administrative costs associated with its management activities.
Insurance (Prop. & Casualty)
4th Floor, Wessex House, 45 Reid Street
Robert Simon Childs
Non-Executive Chairman of the Board
Bronislaw Edmund Masojada
Group Chief Executive, Executive Director
Hamayou Akbar Hussain
Chief Financial Officer, Executive Director
Chief Executive Officer - Hiscox London Market
Chief Executive Officer - Hiscox UK
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* HISCOX LTD - WELCOMES TODAY'S ANNOUNCEMENT FROM FINANCIAL CONDUCT AUTHORITY IN UK REGARDING PROPOSED LEGAL TEST CASE
* Hiscox says paying claims quickly and fairly (Adds Hiscox comment, bullet points)
Lloyd's of London, Hiscox and RSA are among donors to a new British 100 million pound ($121.19 million) insurance and long-term savings COVID-19 support fund, the Association of British Insurers (ABI) said on Monday.
* HISCOX LTD - ANNOUNCES COMPLETION OF NON-PRE-EMPTIVE PLACING OF NEW ORDINARY SHARES OF 6.5 PENCE EACH
Lloyd's of London insurer Hiscox on Tuesday said it would raise capital through a share placement to take advantage of a rise in premium rates.
Lloyd's of London insurer Hiscox on Tuesday said it would raise capital through a share placement amid a potential hike in business interruption claims in the wake of the coronavirus crisis.
* HISCOX - ANNOUNCES ITS INTENTION TO CONDUCT A NON-PRE-EMPTIVE PLACING OF NEW ORDINARY SHARES OF 6.5 PENCE EACH ( "PLACING SHARES") IN CAPITAL OF CO
* QTRLY GROSS WRITTEN PREMIUMS GREW BY 2% IN CONSTANT CURRENCY TO $1,181.8 MILLION (2019: $1,164.7 MILLION)
* HISCOX LTD - HISCOX BOARD BELIEVES GROUP HAS SUFFICIENT CAPITAL TO MEET EXPECTED LIABILITIES ARISING AS A RESULT OF EXPOSURES TO PANDEMIC.
Insurer Hiscox said on Wednesday it was assessing possible sources of funding, including an equity raise, due to an expected fall in capital because of a pandemic-induced rise in rates across the U.S. wholesale and reinsurance markets.
Lloyd's of London insurers Hiscox <HSX.L> and Beazley <BEZG.L> expect to pay up to $345 million (279.06 million pounds)
Specialist insurer Hiscox said on Wednesday it expected to pay up to $175 million to settle claims arising from travel, events and mass gatherings cancelled in the wake of COVID-19, if disruption from the pandemic lasted more than six months.
Insurer Hiscox <HSX.L> said on Wednesday that its core policy wordings do not provide cover for business interruption due to a UK government-ordered lockdown put in place to prevent the spread of coronavirus.
* BELIEVES ITS BUSINESS INTERRUPTION EXPOSURE TO COVID-19 IS LIMITED IN EUROPE AND IT HAS NEGLIGIBLE EXPOSURE IN ITS US RETAIL BUSINESS
Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on Wednesday, as insurers come under fire for being slow to act.
* HISCOX LTD - BOARD HAS ALSO AGREED THAT FOR 2020 COMPANY WILL NOT PROPOSE AN INTERIM DIVIDEND PAYMENT, OR CONDUCT ANY SHARE BUYBACK
Direct Line withdrew its final 2019 dividend on Wednesday and said it would make no changes to staffing until at least the autumn, as it weighs the damage that coronavirus shutdowns are having on the insurance industry.
* But profit plunges due to heavy claims (Adds CEO comments from call, share move)
Insurer Hiscox has received some claims in connection with the coronavirus outbreak, it said on Monday, after reporting a plunge in 2019 profits.
Shares in Hiscox <HSX.L> fell as much as 18% on Thursday after brokers cut their price targets on the stock following meetings with the British insurer, in which it gave more details on its financial expectations than in a third-quarter update on Monday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.