Hiscox gets off to slow start as re-insurance weighs
“We have done what we said we would do in the first quarter,” said chief executive Bronek Masojada
Company
Hiscox Ltd
LON:HSX
Hiscox Limited is a Bermuda-based specialist insurer company. Hiscox is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas.
72 stories · page 3 of 4
Investments and investor services
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Hiscox drops on caution over recent weather catastrophes impact after solid Q3 premiums growth
The insurer said its gross written premiums increased by 14.3% to US$3.04bn for the period to the end of September, up from US$2,663.2mln a year earlier
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Hiscox sees catastrophe exposed business drive growth in first quarter
The group reported that gross written premiums for the three months to the end of March had risen 20% in constant currency to US$1.16bn
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Lancashire estimates losses arising from recent hurricanes, earthquakes to be in US$106mln to US$212mln range
The FTSE 250-listed insurer said the figures are stated after anticipated recoveries from its outwards reinsurance programme and the impact of outwards and inwards reinstatement premiums
Hiscox estimates it faces net claims totalling about US$225mln from both hurricanes Harvey and Irma
The Lloyd's of London underwriter had said on September 18 that Hurricane Harvey alone would cost it at least US$150mln in claims based on an insured market loss of US$25bn
Hiscox says Harvey devastation will cost it US$150mln
Hiscox said its estimate was net and based on an insured market loss of US$25bn