Hiscox finance chief: London’s AI adoption is too slow Opinion Hiscox group chief financial officer Paul Cooper takes us through his career in insurance in this week's Square Mile and Me.
City firms send workers home as heatwave melts London Economics City firms have told their workers to stay away from the office this week as London is hit with a record June heatwave. Several multinational companies headquartered in the Square Mile have advised their employees to consider remote work in a bid to dodge the sweltering heat. Banking giant JP Morgan Chase is the biggest [...]
Hiscox shares jump after firm lifts buyback despite wildfire losses insurance Shares in Lloyd’s of London insurer Hiscox jumped more than 10 per cent in early deals this morning after the company hiked its share buyback. Overall, the group posted a slight fall in interim profit as wildfire claims hit its reinsurance division, but the group increased capital returns on the back of substantial investment income. [...]
Hiscox picks former Man Group boss as new chair May 29, 2025 Peter Clarke, the former CEO of Man Group, has been appointed to join Hiscox's board
Lloyd’s of London expects £1.8bn hit from Californian wildfires March 10, 2025 Lloyd’s of London, the historic insurance market, has reported a 6.5 per cent increase in premiums written for 2024. In a trading update published this morning ahead of its full results, which are set to be released on 20 March 2025, Lloyd’s said gross written premiums increased £55.5bn from £52.1bn in the prior year. Lloyd’s [...]
Hiscox: Profit hits record at Lloyd’s of London insurer February 27, 2025 Lloyd’s of London insurer Hiscox has reported a record profit for the year ended 31 December 2024, with pre-tax earnings reaching $685.4m (£541.5m), a 9.5 per cent increase from the previous year. The insurance group’s net insurance contract written premiums rose to $3.7bn (£2.9bn) in 2023, up from $3.6bn (£2.8bn) in 2023. Insurance contract written [...]
UK insurers brace for major Hurricane Milton set to hit Florida October 7, 2024 Shares in London-listed insurers dropped on Monday as the market braces for costs tied to Hurricane Milton, a major storm expected to hit Florida by Wednesday.
Hiscox appoints interim chair following Jonathan Bloomer yacht tragedy August 23, 2024 Insurer Hiscox has appointed an interim chair following the death of Jonathan Bloomer earlier this week alongside tech giant Mike Lynch.
Hiscox: Lloyd’s of London insurer reports ‘robust growth’ despite a more ‘active loss environment’ August 7, 2024 Hiscox, the Lloyd’s of London insurer, has reported another set of strong results as the company has continued to benefit from a hard insurance market. In its interim results for the six months to 30th June, the company recorded 3.3 per cent growth in insurance contract written premium (ICWP). The figure rose $89.6m (£70.5m) to [...]
Lloyd’s of London insurers Beazley, Hiscox and Lancashire are takeover targets, analysts say July 9, 2024 Lloyd's of London insurers are expected to be the subject of takeover interest, analysts have said, following news that foreign rivals are circling London-listed Hiscox.