Reinsurance News
Hiscox
Hiscox is a diversified international insurance group listed on the London Stock Exchange and headquartered in Bermuda. Hiscox has over 3,000 staff across 13 countries and 32 offices, as of 2025.
The Hiscox Re & ILS division underwrites reinsurance opportunities on a global basis and also provides third-party capital capabilities.
Read our Hiscox insurance or reinsurance news and analysis below.
Hiscox announces two senior appointments
9th February 2018
Global insurer and reinsurer Hiscox has announced two appointments as it changes the structure of its senior management team, as the firm looks to build on growth momentum in its retail operations. Chief Executive Officer (CEO) of Hiscox USA, Ben Walter, is set to move to London and take on the newly ... Read the full article
Hiscox appoints Gareth Bateman & Lottie Catto to head up Special Risks unit
1st February 2018
Specialist insurer Hiscox has appointed Gareth Bateman as Development Director of Security Incident Response (SIR) within its Special Risks division and Lottie Catto as new Strategic Development Manager to further support the growth of SIR. The pair will lead the development of Hiscox’s SIR product which launched a year ago. Since 2012 Bateman ... Read the full article
Hiscox sets up virtual business unit to drive cyber innovation
7th December 2017
Hiscox has set up a virtual Business Unit (vBU) to pool the expertise of its group of 70 cyber staff to enhance collaboration and drive progress in the cyber sector. Hiscox said the cyber vBU will provide dedicated cyber resource and be responsible for ensuring a consistent Group-wide approach to product ... Read the full article
Hiscox Re hires Megan McConnell as Director of Underwriting
5th December 2017
Megan McConnell, who as we reported yesterday is departing the Paraline group, is to emerge in a new reinsurance role as Director of Underwriting at Hiscox Re in London. McConnell had worked for International Catastrophe Insurance Managers, LLC (ICAT) since 2005, but it was announced yesterday that she is leaving ... Read the full article
Hiscox underwriters told to push for price rises, even if top line shrinks
21st November 2017
Underwriters at insurance and reinsurance firm Hiscox have been told by senior management that they must push for price rises, following recent major catastrophe losses, even if it is at the expense of top line. Hiscox has been among the most bullish in pushing for price increases across insurance and reinsurance ... Read the full article
Lower supply coupled with greater demand means pricing “will go up”, says Hiscox CEO
17th November 2017
According to Bronek Masojada, the Chief Executive Officer (CEO) of global insurer and reinsurer Hiscox, a reduction in the supply of capital combined with greater demand for re/insurance protection is the reason pricing "will go up and needs to go up." Unsurprisingly, insurance and reinsurance industry talk is focused on companies' ... Read the full article
Hiscox sees rate increases of up to 50%; lowers HIM loss estimate
7th November 2017
Global insurer and reinsurer, Hiscox, has lowered its loss estimate for hurricanes Harvey, Irma, and Maria, and says the events have led to rate increases of between 10% and 50%, and sometimes more, in loss-affected and loss-exposed U.S. property lines. With third-quarter catastrophe events estimated to have cost the industry $100 ... Read the full article
Alex Veys to replace David Astor as Hiscox Chief Investment Officer
26th October 2017
International insurer and reinsurer, Hiscox, has named Alex Veys as its new Chief Investment Officer (CIO), to replace David Astor, who is retiring in 2018. Veys will join the firm in December, 2017, and work alongside Astor until he retires in July, 2018, after 15 years with Hiscox. Veys brings more than ... Read the full article
Hiscox Re and ILS looks to narrow flood protection gap with FloodXtra
17th October 2017
In an effort to address the flood protection gap (disparity between economic and insured losses post-event), Hiscox Re and ILS has launched FloodXtra, a new solution for U.S. personal lines flood insurers. The flood protection gap in the U.S. was highlighted recently by hurricanes Harvey and Irma, a reminder to the ... Read the full article
Hiscox to increase 2018 syndicate capacity by £450m
11th October 2017
Hiscox has announced plans to increase its capacity by £450 million to a total £1.6 billion for 2018, in anticipation of a widespread market turn triggering improved market conditions, according to its Syndicate 33 business forecast for 2018. This comes as a response to the 2017 period of significant catastrophe activity ... Read the full article
Hiscox names Markham as CEO of London Market business
11th October 2017
Insurance and reinsurance firm Hiscox has named an existing employee, Kate Markham, to the newly created position of CEO of its London Market business. The move, which is subject to regulatory approval, sees Hiscox positioning itself to be ready for market changes and modernisation in the London insurance and reinsurance market. In ... Read the full article
Hiscox estimates loss from hurricanes Harvey & Irma at $225m
2nd October 2017
Specialist insurance and reinsurance firm Hiscox Ltd. has estimated its combined net loss from hurricane Harvey and hurricane Irma as approximately $225 million. Hiscox had previously pegged its hurricane Harvey only loss at around $150 million, suggesting that hurricane Irma is currently only thought to have added approximately $75 million ... Read the full article
Hiscox UK names Robert Hannigan as cyber security advisor
21st September 2017
Specialist insurer Hiscox UK and Ireland has appointed former GCHQ Director Robert Hannigan as Special Advisor on Cyber Security, set to work alongside Hiscox specialist cyber division to provide market intelligence, staff training, and develop cyber products. Robert Hannigan, Special Advisor at Hiscox UK and Ireland said; “The risks that cyber ... Read the full article
Hiscox estimates net hurricane Harvey loss of approx $150 million
18th September 2017
Specialist insurance and reinsurance firm Hiscox Ltd. has estimated its net loss from hurricane Harvey's impacts at around $150 million. Hiscox has based its hurricane Harvey loss estimate on an industry wide loss of $25 billion excluding the NFIP. The company said that this fell within its modelled range of claims ... Read the full article
Hiscox partners with tech start-up Digital Fineprint
25th August 2017
Specialist insurer Hiscox has partnered with tech start-up Digital Fineprint to investigate how data from social media can be used to educate small businesses on their risks and respective insurance solutions. Hiscox said many small businesses are underinsured yet face a number of business interruption risks from expensive lawsuits or costs ... Read the full article
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