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Hiscox Ltd (HSX.L)

HSX.L on London Stock Exchange

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4:36am EDT
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Latest Key Developments (Source: Significant Developments)

Hiscox Mean Gender Pay Gap 31.1 Pct, Mean Bonus Gap 71.1 Pct
Tuesday, 13 Mar 2018 04:37am EDT 

March 13 (Reuters) - Hiscox Ltd ::HISCOX LTD - MEDIAN HOURLY PAY GAP IN UK IS 26.2%, OR ON A MEAN BASIS, 31.1%- 2017 UK GENDER PAY REPORT.HISCOX LTD -PAY GAP IS DRIVEN BY HAVING FEWER WOMEN AT SENIOR LEVELS AT HISCOX.HISCOX LTD - REPORTED A MEDIAN BONUS GAP OF 49.5%, OR ON A MEAN BASIS 71.1% IN 2017.  Full Article

Average Global Insurance Pricing Rose In Q4 For The First Time Since 2013- Marsh
Wednesday, 28 Feb 2018 03:58am EST 

Feb 28 (Reuters) - Marsh:MARSH- AVERAGE GLOBAL INSURANCE PRICING INCREASED IN Q4 2017 FOR THE FIRST TIME SINCE Q1 2013.MARSH- PRICE RISE DRIVEN LARGELY BY GLOBAL PROPERTY INSURANCE PRICING, AFFECTED BY LARGE CATASTROPHE LOSSES IN Q3.MARSH- AVERAGE COMMERCIAL INSURANCE PRICING INCREASED BY 0.8% IN Q4 2017, COMPARED TO A DECREASE OF 1.9% IN Q3 2017.MARSH- GLOBALLY, PROPERTY INSURANCE PRICING INCREASED 3.2% IN Q4 2017, COMPARED TO A 2.4% DECREASE IN THE PREVIOUS QUARTER.MARSH- REGIONALLY, AVERAGE INSURANCE PRICING INCREASED IN THE UK, LATIN AMERICA AND AUSTRALIA IN Q4 2017.MARSH- US CYBER INSURANCE PRICING INCREASED FOR THE FIRST TIME IN Q4 2017 SINCE Q4 2016.MARSH- AVERAGE INSURANCE PRICING DECREASED IN THE US, CONTINENTAL EUROPE, AND ASIA.  Full Article

Hiscox's FY profit slumps after catastrophic 2017
Monday, 26 Feb 2018 02:10am EST 

Feb 26 (Reuters) - Hiscox Ltd ::FINAL DIVIDEND 19.5 PENCEPER SHARE.TOTAL DIVIDEND UP 5.5 PERCENT TO 29 PENCEPER SHARE.FY GROSS PREMIUMS WRITTEN 2,549.3 MILLION STG VERSUS 2,402 MILLION STG REPORTED A YEAR AGO.FY PROFIT BEFORE TAX EXCLUDING FX OF £93.6 MILLION.MARKET PRICING HAS IMPROVED AND AS A CONSEQUENCE WE HAVE GROWTH AMBITIONS FOR EVERY PART OF OUR BUSINESS- CEO.FY PROFIT BEFORE TAX 30.8 MILLION STG VERSUS 354.5 MILLION STG AS REPORTED YEAR AGO."IT'S HARD NOT TO FEEL TORMENTED BY REGULATION".FY GROUP COMBINED RATIO ‍99.9​ PERCENT VERSUS 84.2 PERCENT AS REPORTED A YEAR AGO.FY RETURN ON EQUITY ‍1.5​ PERCENT VERSUS. 23 PERCENT AS REPORTED A YEAR AGO.HISCOX - "WORKING HARD TO NAVIGATE GEOPOLITICAL ISSUES SUCH AS BREXIT, US TAX REFORM, GENERAL DATA PROTECTION REGULATION AND NY'S CYBERSECURITY REGS".  Full Article

Hiscox Says two senior appointments
Thursday, 8 Feb 2018 04:00am EST 

Feb 8 (Reuters) - Hiscox Ltd ::STEVE LANGAN, CEO OF HISCOX UK & EUROPE, WILL RELOCATE TO NEW YORK TO TAKE UP ROLE OF CEO HISCOX USA, EFFECTIVE FROM 1 JULY 2018.‍BEN WALTER, CEO OF HISCOX USA, WILL RELOCATE TO LONDON TO TAKE UP NEWLY CREATED ROLE OF CEO HISCOX GLOBAL RETAIL, WITH EFFECT FROM 1 JULY 2018​.BEN AND STEVE WILL REMAIN ON EXECUTIVE COMMITTEE AND HISCOX WILL BEGIN PROCESS OF RECRUITING A NEW UK & IRELAND CEO IN AUTUMN.  Full Article

Hiscox Ltd says 9-month ‍gross written premiums up by 12.4 pct to 2.09 bln pounds
Tuesday, 7 Nov 2017 02:01am EST 

Nov 7 (Reuters) - HISCOX LTD :​:9-MONTH ‍GROSS WRITTEN PREMIUMS GREW BY 12.4% TO £2,088.8 MILLION​.‍CLAIMS ARISING FROM MEXICO EARTHQUAKES AND CALIFORNIA WILDFIRES ARE NOT EXPECTED TO BE MATERIAL FOR GROUP​.NOW ESTIMATE COMBINED NET CLAIMS FOR HURRICANES HARVEY, IRMA AND MARIA OF $225 MILLION AGAINST A ESTIMATE US$225 MILLION FOR HARVEY AND IRMA ​."‍WE ARE SEEING SIGNS OF A HARDENING MARKET​".IN LOSS-AFFECTED AND LOSS-EXPOSED US PROPERTY LINES BUSINESS WE ARE SEEING INCREASES OF BETWEEN 10% AND 50% AND SOMETIMES MORE​.‍FOR REINSURANCE, ANTICIPATE DOUBLE-DIGIT INCREASES IN RATES FOR US CATASTROPHE-EXPOSED BUSINESS AT IMPORTANT JANUARY RENEWALS​.‍NEW EUROPEAN INSURANCE COMPANY, HISCOX S.A., HAS BEEN FORMALLY INCORPORATED IN LUXEMBOURG WHERE WE HAVE STARTED TO BUILD A SMALL LOCAL TEAM​.‍SUBJECT TO FINAL REGULATORY APPROVAL, WE ARE ON TRACK TO START WRITING INTO NEW CARRIER IN LUXEMBOURG FROM Q2 2018​.DRAFT BILL SEEKS TO LEVY A 20% EXCISE TAX ON PAYMENTS MADE TO FOREIGN AFFILIATES WHICH COULD HAVE IMPACT ON INTERNAL REINSURANCE ARRANGEMENTS​.  Full Article

Hiscox to increase capacity to 1.6 bln stg amidst "widespread market turn"​
Wednesday, 11 Oct 2017 05:29am EDT 

Oct 11 (Reuters) - Hiscox Ltd :‍ENVISAGES A 2018 CAPACITY OF £1.6 BILLION FOR SYNDICATE 33, SUBJECT TO LLOYD'S APPROVAL​.‍THIS REPRESENTS AN INCREASE OF £450 MILLION FROM 2017​.‍INCREASE IN CAPACITY IS DRIVEN BY AN ANTICIPATED IMPROVEMENT IN MARKET.‍INCREASE IN CAPACITY IS DRIVEN BY DESIRE TO HAVE SUFFICIENT CAPACITY AVAILABLE TO PARTICIPATE IN A WIDESPREAD MARKET TURN​.HISCOX - ‍INCREASE FOLLOWS A PERIOD OF SIGNIFICANT CATASTROPHE ACTIVITY IN 2017 IN WHICH MORE THAN $100 BILLION OF INDUSTRY CAPITAL IS ESTIMATED DESTROYED​.  Full Article

Hiscox appoints Kate Markham as CEO for its London market business
Wednesday, 11 Oct 2017 03:35am EDT 

Oct 11 (Reuters) - Hiscox Ltd :APPOINTMENT OF KATE MARKHAM AS CEO FOR ITS LONDON MARKET BUSINESS, SUBJECT TO REGULATORY APPROVAL‍​.HISCOX - IT IS NEW POSITION WORKING CLOSELY WITH PAUL LAWRENCE, WHO REMAINS CUO OF HISCOX LONDON MARKET AND JOINT ACTIVE UNDERWRITER FOR SYNDICATE 33.HISCOX - KATE MARKHAM AND PAUL LAWRENCE WILL BE ON THE HISCOX LTD EXECUTIVE COMMITTEE.  Full Article

Hiscox appoints Tom Shewry as director of group finance
Wednesday, 20 Sep 2017 04:04am EDT 

Sept 20 (Reuters) - HISCOX LTD ::SAYS APPOINTMENT OF TOM SHEWRY TO ROLE OF DIRECTOR OF GROUP FINANCE.  Full Article

Hiscox sees rise in U.S. property insurance rates after Harvey, Irma
Tuesday, 12 Sep 2017 07:21am EDT 

Sept 12 (Reuters) - Hiscox Ltd ::CEO- COSTS FOR HARVEY ARE HOPPING AROUND $20-30 BILLION AND IRMA BETWEEN $30-40 BILLION, MAKING THEM VERY BIG HURRICANES.CEO- IT HAS BEEN A VERY EXPENSIVE YEAR FOR NATURAL CATASTROPHES AND CLEARLY WE ARE NOT YET FINISHED WITH THE HURRICANE SEASON.CEO- (HURRICANES) WILL DEFINITELY HAVE THE IMPACT OF ELIMINATING PRICE REDUCTIONS, LOSS-AFFECTED AREAS WILL SEE PRICE RISES.CEO- BIGGER TICKET PROPERTY AREA WILL SEE PRICE RISES BECAUSE THAT WAS A VERY UNDER-PRICED AREA BEFORE HAND.  Full Article

Hiscox reports HY PBT of 102.6 mln stg
Monday, 31 Jul 2017 02:01am EDT 

July 31 (Reuters) - HISCOX LTD ::INTERIM DIVIDEND 9.5 PENCEPER SHARE.PROFITS BEFORE TAX UP 12.5 PCT EXCLUDING IMPACT OF FOREIGN EXCHANGE.HY ‍GROSS PREMIUMS WRITTEN 1,459.6 MLN STG VERSUS 1,288.5 MILLION​ STG.HY ‍NET PREMIUMS EARNED 936.6 MILLION STG VERSUS 767.5 MILLION STG​.HY ‍PROFIT BEFORE TAX 102.6 MILLION STG VERSUS 206.0 MILLION​ STG.HY ‍EARNINGS PER SHARE 34.9P​.SAYS ‍INTERIM DIVIDEND PER SHARE 9.5P​.LOOK FORWARD WITH CAUTION TO SECOND HALF OF YEAR AS HURRICANE SEASON APPROACHES.HY ‍NET ASSET VALUE PER SHARE 657.7P​.HY ‍GROUP COMBINED RATIO 91.0 PCT VERSUS 80.7 PCT​.HY ‍RETURN ON EQUITY (ANNUALISED) 11.1 CPT VERSUS 28.3 PCT​.  Full Article

AXA unit signs first tenant for tallest City of London building

LONDON, Aug 6 Insurer Hiscox is the first company to sign up for space in City of London tower Twentytwo, taking a 19-year lease over three floors of the building, lead investor AXA Investment Managers - Real Assets said on Monday.