Hiscox
Hiscox bemoans 'costliest year ever'
Specialist insurer and reinsurer Hiscox was stung by a pre-tax loss of £85.6m (2010: £97.2m profit) in the first half of the year but claims to be "heading towards the sunny uplands of profit".
News analysis - Lancashire Tax move: Bringing business back to Blighty
With Lancashire set to move its tax residence to the UK, Amy Ellis looks at proposed reforms to the controlled foreign companies rules and asks whether other insurers may follow suit.
Hiscox reports H1 losses of £85.6m in 'worst year ever'
Hiscox has announced a half year pre-tax loss of £85.6m, leading the insurer to claim the year so far has been the costliest year ever for the insurance industry.
Lancashire to redomicile from Bermuda to the UK
Lancashire Holdings today announced that it plans to move to UK tax residency.
Axa may create more management roles
Axa has not ruled out creating more senior management roles within its commercial lines division after appointing former Towergate director Max Curruthers to the new role of chief operating officer.
Blasts prompt rethink over Indian appetite
Insurance claims arising from the recent terrorism attack in Mumbai are unlikely to have an immediate impact on rates, according to market observers.
View from the top: More than just words
Tech companies push the boundaries of what is conceivable, while media groups walk a legal tightrope to publish good stories. That's why their insurers and brokers must work so hard to keep up with their clients' risks.
British Insurance Awards 2011: A position of trust
MARKETING INITIATIVE OF THE YEAR - WINNER – HISCOX INSURANCE COMPANY
Hiscox expects to hit £1bn in 2012 on Syndicate 33
Hiscox has said it envisages a 2012 capacity of £1bn for Syndicate 33, an increase of £100m from 2011.
Sandy Scott takes Achievement Award at 2011 British Insurance Awards
Sandy Scott, chief executive, Chartered Insurance Institute, was given the Achievement Award at the British Insurance Awards at the Royal Albert Hall tonight in front of 1800 fellow industry professionals.
US tornadoes cost Hiscox £35m
Hiscox has estimated net claims arising from the April and May tornadoes in the US to be approximately £35m based on insured market losses of $15bn-$25bn.
Whitaker to take Plum MD role
Underwriting and broking group Somerville Holdings has promoted David Whitaker to the role of managing director at its specialist household subsidiary Plum Underwriting.
Solicitors' professional indemnity: Turning off the life support
Potential sweeping changes to the solicitors' professional indemnity market could see the controversial assigned risks pool scrapped. Jakki May investigates the effect on qualifying insurers hoping to turn a profit.
Spotlight on Reputation: Stop whispering,startshouting
Insurance brokers were shocked by research that showed a large proportion of people did not trust them. Rachel Gordon looks at the reaction, their relationships with clients and why brokers should start being more vocal about their value.
MA Assist seals Plus One repair contract
Insurance repair specialist MA Assist has signed an exclusive deal to provide building repair and validation services for Plus One Services.
Professional indemnity – the growth market
Professional indemnity was worth almost €6bn across Europe in 2010 and with changes to Italian legislation and increasing negligence claims Alan Leach explains how this market is sure to expand.
M&A - market update: Coming together
Merger and acquisition activity is finally on the rise following a long period of stagnation. Daniel Dunkley looks at what is behind the increase.
Lloyd's & London Market - Remuneration: War of the words
Lloyd's brokers are on the defensive after controversy surrounding commissions and fees re-emerged. But as underwriters demand clarity once and for all, are buyers happy as long as premiums stay low and their own charges stay transparent? Ralph Savage…
Hebburn and Hiscox among winners at first ever Claims Awards
Roy Hebburn, divisional claims manager (technical) at Allianz was handed the inaugural achievement award at last night’s Claims Awards ceremony.
Damage management - Surge: Surging ahead
Recent surge events have shown insurers are getting better at coping with large numbers of claims but there is still room for improvement. Sam Barrett finds out what could make a crucial difference the next time an extreme event occurs.
Technology: Will the cookie crumble?
The revised Privacy and Electronic Communications Directive could see computer cookies swallowed up unless explicit consent is given for their insertion in users' computers when they visit a company's website.
Hiscox UK GWP up 8% on back of direct success and Dual tie-up
Hiscox’s gross written premiums year on year reduced by 8.0% to £453.5m (2010: £504.1m)for the first quarter. The insurer added this was "expected" as the it "maintained underwriting discipline and walked away from poorly rated risks".
Broking supplement - Private motor: The drive to succeed
Aggregators, question marks over referral fees and a squeeze on margins are all challenging those in the intermediated personal lines space. But, as Leigh Jackson reports, it is not all doom and gloom.
Bin Laden death will not affect terrorism rates
The death of Osama bin Laden is "unlikely to have a material effect" on terrorism insurance rates in the short term, market figures have said.