Press releases

15th September 2015

Loose contract wordings could be a claims time bomb for reinsurance industry warns Hiscox Re

The growing trend for including previously excluded areas of cover such as terrorism and cyber risk in poorly worded reinsurance contracts and at no extra premium, is not only disguising the true cost of risk, warns Hiscox Re, but could also trigger a torrent of future litigation.

Read the rest of the press release 'Loose contract wordings could be a claims time bomb for reinsurance industry warns Hiscox Re '

15th September 2014

Loose contract wordings could be a claims time bomb for reinsurance industry warns Hiscox Re

Hamilton, Bermuda, (15 September, 2014) – The growing trend for including previously excluded areas of cover such as terrorism and cyber risk in poorly worded reinsurance contracts and at no extra premium, is not only disguising the true cost of risk, w

Read the rest of the press release 'Loose contract wordings could be a claims time bomb for reinsurance industry warns Hiscox Re '