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.
There was a time when a contracts specialist would only get sight of a reinsurance contract long after the underwriter and broker had finished their negotiations and the slip had been signed.
Hamilton, Bermuda, (19 January, 2015) – Hiscox today announces that total assets under management in its Kiskadee insurance-linked strategies (ILS) funds, have grown to over $400 million at 1 January 2015.
Hamilton, Bermuda, (16 October, 2014) – Hiscox Re has made two senior appointments with Bevis Tetlow appointed to a new role as Chair of North America and Caribbean, and Philip Vandoninck also to a new role of Chair of International.
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
Hamilton, Bermuda (29th May 2014) – Hiscox Re has appointed Mike Krefta as Chief Underwriting Officer, leading its underwriting teams in London, Bermuda and Paris.
London, UK (4th October 2013) – Specialist global insurer Hiscox has launched a new direct website, designed to offer loss of licence and loss of training expenses insurance to aviation professionals.
London, UK (11 July 2013) – Specialist insurer Hiscox has launched a new Web App, Hiscox Global Insight which provides news, views and practical advice to London Market brokers in a new convenient format.
London, UK (10 July 2013) – Specialist insurer Hiscox today announces four new appointments within Hiscox Re, the newly combined reinsurance business operating from London, Paris and Bermuda.
