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Hiscox Ltd

HSX.L

Latest Trade

1,523.00GBp

Change

-78.00(-4.87%)

Volume

731,114

Today's Range

1,519.00

 - 

1,599.00

52 Week Range

1,411.00

 - 

1,795.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Hurricane Dorian Could Cost Insurers $25 Bln- UBS

Sept 2 (Reuters) - UBS::UBS INCREASES BASE CASE INDUSTRY INSURED LOSS FOR HURRICANE DORIAN TO $25BN FROM $15BN, ADDS SOLVENCY II SENSITIVITIES.UBS SAYS SWISS RE LEAST PREFERRED IN TERMS OF EXPOSURE TO INSURED LOSS FROM HURRICANE DORIAN, SEES ITS SECOND BUY-BACK AS UNLIKELY.

Hiscox Ltd Says H1 Pretax Profit Up 3% To $168 Million

July 29 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD -H1 GROSS PREMIUMS WRITTEN UP 7% IN CONSTANT CURRENCY, WITH ALL BUSINESS SEGMENTS GROWING.HISCOX LTD - H1 PROFIT BEFORE TAX UP 3% TO $168 MILLION, DRIVEN BY A GOOD INVESTMENT RETURN OF 4.8% ANNUALISED.HISCOX LTD - INTERIM DIVIDEND UP 4% TO 13.75¢.HISCOX LTD - EXPERIENCED A HIGHER VOLUME OF CLAIMS IN FIRST HALF OF 2019 THAN SAME PERIOD LAST YEAR.HISCOX - RESERVES HAVE BEEN STRENGTHENED FOR PRIOR-YEAR CLAIMS FROM TYPHOON JEBI, HURRICANE MICHAEL AND RISK EXCESS BOOK.HISCOX LTD - HISCOX RE AND HISCOX LONDON MARKET ARE CAPITALISING ON OPPORTUNITIES AS THEY ARISE, AS PRICING MOMENTUM CONTINUES TO BUILD.HISCOX LTD - HY GROUP COMBINED RATIO 98.8% VERSUS 87.9%.HISCOX LTD - HY NET PREMIUMS EARNED $1,313.8M VERSUS $1,277.9M.

Hiscox Sees HY Pretax Profit Of $150-$170 Mln

July 12 (Reuters) - Hiscox Ltd <HSX.L>::TRADING UPDATE.EXPECTS TO DELIVER A PROFIT BEFORE TAX FOR SIX MONTHS ENDED 30 JUNE 2019 IN RANGE OF $150 MILLION TO $170 MILLION.ALSO EXPECTS HISCOX RETAIL'S COMBINED RATIO TO BE WITHIN NORMAL RANGE OF 90-95% AT HALF YEAR.GROUP EXPECTS GROWTH FOR HISCOX RETAIL TO TREND TOWARDS MID-POINT OF NORMAL 5-15% TARGET RANGE IN SECOND HALF.INSURANCE MARKET HAS SEEN CONTINUED DETERIORATION FROM 2018 CAT EVENTS, INCLUDING TYPHOON JEBI IN JAPAN AND HURRICANE MICHAEL IN FLORIDA.HAS STRENGTHENED RESERVES FOR PRIOR YEAR CLAIMS FROM TYPHOON JEBI, HURRICANE MICHAEL AND FOR RISK EXCESS BOOK.COMBINED IMPACT OF RESERVE STRENGTHENING FOR NAT CAT EVENTS IS APPROXIMATELY $40 MILLION NET.GROUP EXPECTS RESERVE RELEASES IN FIRST HALF TO BE MATERIALLY LOWER THAN LAST YEAR.CONDITIONS ARE IMPROVING WITH GOOD RATE MOMENTUM FOR MOST LINES IN HISCOX LONDON MARKET.EXPECTS TO MAKE AN ADDITIONAL TAX PROVISION OF UP TO $60 MILLION FOR HALF YEAR.DOES NOT ANTICIPATE ANY IMPACT ON INTERIM OR FINAL DIVIDEND.

Hiscox Posts Rise In Quarterly Gross Written Premiums

May 7 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - QTRLY GROSS WRITTEN PREMIUMS GREW BY 3.3% IN CONSTANT CURRENCY TO $1,164.7 MILLION (2018: $1,157.7 MILLION).HISCOX LTD - EXPECT GROWTH FOR OUR RETAIL BUSINESSES TO TREND TOWARDS MID-POINT OF OUR 5-15% TARGET RANGE IN SECOND HALF.HISCOX LTD - IN RETAIL WE CONTINUE TO PULL BACK IN US PRIVATE COMPANY D&O, WHERE CONDITIONS ARE CHALLENGING- CEO.HISCOX LTD - QTRLY HISCOX RETAIL GROSS WRITTEN PREMIUMS $593.3 MILLION VERSUS $574.8 MILLION AS REPORTED A YEAR EARLIER.HISCOX LTD - QTRLY HISCOX LONDON MARKET GROSS WRITTEN PREMIUMS $228.6 MILLION VERSUS $219.8 MILLION AS REPORTED A YEAR EARLIER.HISCOX LTD - EXPECT GROWTH FOR OUR RETAIL BUSINESSES TO TREND TOWARDS MID-POINT OF OUR 5-15% TARGET RANGE IN SECOND HALF.HISCOX LTD - LONDON MARKET AND IN REINSURANCE CONDITIONS ARE IMPROVING.HISCOX LTD - LIKELY THAT BOUTS OF MARKET VOLATILITY WILL CONTINUE THROUGHOUT YEAR, AND WE WILL REMAIN CONSERVATIVELY POSITIONED.HISCOX LTD - CARGO, MARINE HULL AND US PUBLIC COMPANY DIRECTORS AND OFFICERS' (D&O) HAVE SEEN MOST SIGNIFICANT RATE RISES IN QUARTER.HISCOX LTD - PRICING IN PROPERTY LINES CONTINUES TO FIRM IN QUARTER.HISCOX LTD - PRICING IN CYBER AND TERRORISM REMAINS COMPETITIVE IN QUARTER.HISCOX LTD - IN REINSURANCE, WHERE CAPACITY IS ABUNDANT, RATE IMPROVEMENT HAS BEEN MORE INCREMENTAL IN QUARTER.HISCOX LTD - RATES IN US CATASTROPHE-EXPOSED BUSINESS ARE UP LOW-SINGLE-DIGITS IN QUARTER.

Insurer Hiscox's 2018 profit rises more than three-fold

Feb 25 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD FULL YEAR RESULTS.FY PROFIT BEFORE TAX TRIPLED TO $137.4 MILLION.FY GROSS PREMIUMS WRITTEN GREW BY 15.0%."RATES DID NOT RESPOND AS MUCH AS WE FEEL THEY SHOULD HAVE FOLLOWING LOSSES ARISING FROM HURRICANES HARVEY, IRMA AND MARIA IN 2017".A FINAL DIVIDEND OF 28.6¢, WHICH IS AN INCREASE OF 5.2% FOR FY."ALTHOUGH REINSURANCE MARKET DID NOT HARDEN AS MANY HAD HOPED, RETROCESSION MARKET DID BECOME MORE SENSIBLY PRICED".FY COMBINED RATIO WAS 94.9% (2017: 99.9%).FY POST-TAX RETURN ON EQUITY WAS 5.6% (2017: 1.5%)..BOB THAKER WILL SUCCEED STEVE AS HISCOX UK CEO IN Q1 OF 2019, AND WE HAVE BEGUN SEARCH FOR HIS REPLACEMENT..ADAPTING TO BREXIT COST HISCOX APPROXIMATELY $15 MILLION IN ONE-OFF COSTS, MAJORITY OF WHICH WERE INCURRED DURING 2018.AN EXPECTED ONGOING COST OF $2.4 MILLION PER ANNUM FROM BREXIT.BREXIT PREPARATIONS LED TO AN INCREASE IN REQUIRED CAPITAL OF APPROXIMATELY EUR 100 MILLION, AROUND HALF OF WHICH WILL MODERATE OVER TIME.PART VII LEGAL PROCESS PROVIDES CERTAINTY TO CUSTOMERS THAT CO CAN LEGALLY PAY ALL VALID CLAIMS, EVEN IN A HARD BREXIT SCENARIO.IN 2019 , CO WILL WORK WITH LLOYD'S AS THEY COMPLETE THEIR PART VII TRANSFER.

Capital Group Companies Discloses 5.0658 Pct Stake In Hiscox - Filing

Dec 13 (Reuters) - Hiscox Ltd <HSX.L>::CAPITAL GROUP COMPANIES, INC DISCLOSES 5.0658 PERCENT STAKE IN HISCOX LTD - FILING.

Hiscox Says Brexit Is A Huge Structural Change For Insurance Industry - Call

Nov 5 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX CEO SAYS U.S. GROSS WRITTEN PREMIUM GROWTH WILL BE LOWER IN Q4 VERSUS LAST YEAR.HISCOX SAYS BREXIT IS A HUGE STRUCTURAL CHANGE FOR THE INSURANCE INDUSTRY.HISCOX SAYS BRITISH INSURANCE INDUSTRY IS READY FOR A HARD BREXIT.HISCOX SAYS DEMAND GROWING FROM SMALLER BUSINESSES FOR FLOOD INSURANCE.

Hiscox Says Nine Months Gross Written Premiums Up 14.3 Pct To $3.04 Bln

Nov 5 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - NINE MONTHS GROSS WRITTEN PREMIUMS INCREASED BY 14.3% TO $3,043.1 MILLION (2017: $2,663.2 MILLION).HISCOX LTD - AS MARKET REMAINS CHALLENGING, WE WILL REMAIN DISCIPLINED, AND I EXPECT OUR GROWTH TO MODERATE OVER BALANCE OF YEAR- CEO.HISCOX LTD - HAS BEEN AN ACTIVE Q3 FOR CLAIMS ACROSS GROUP, BOTH FROM LARGE LOSSES AND CATASTROPHES- CEO.HISCOX LTD - OUR NEW EUROPEAN SUBSIDIARY IS FULLY OPERATIONAL AND EXPECTED TO START WRITING BUSINESS FROM 1 JANUARY 2019- CEO.HISCOX LTD - WAS IMPACTED BY CATASTROPHES IN US AND FAR EAST.HISCOX - RESERVED NET $125 MILLION TO COVER CLAIMS AND REDUCED PROFIT COMMISSIONS RESULTING FROM HURRICANES FLORENCE AND MICHAEL, TYPHOONS JEBI AND TRAMMI.HISCOX LTD - HAS SEEN A LARGE MARINE LOSS OF $13 MILLION.HISCOX LTD - GIVEN ON-GOING ECONOMIC AND GLOBAL POLITICAL TENSIONS, WE EXPECT OUR FULL YEAR INVESTMENT RETURN TO BE SUBDUED.HISCOX LTD - ALREADY UTILISING NEW LLOYD'S BRUSSELS SUBSIDIARY AND OUR PART VII PLANS ARE ON TRACK.HISCOX - OUR PLANS HAVE ALWAYS ASSUMED A WORST-CASE SCENARIO 'HARD BREXIT' AND WE ARE PREPARED, IRRESPECTIVE OF OUTCOME OF GOVERNMENT'S NEGOTIATIONS.HISCOX LTD - FINANCIAL IMPACT OF RE-ORGANISING BUSINESS IN PREPARATION FOR BREXIT IS $15 MILLION ACROSS GROUP IN 2018.HISCOX LTD - WILL INJECT INCREMENTAL CAPITAL OF APPROXIMATELY EUR 40 MILLION IN NEW BREXIT ENTITY.

Hiscox Sees 2019 Capacity Of 1.4 Bln Stg For Syndicate 33

Sept 17 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - HISCOX ENVISAGES A 2019 CAPACITY OF £1.4 BILLION FOR SYNDICATE 33 (2018: £1.6 BILLION), SUBJECT TO LLOYD'S APPROVAL.HISCOX LTD - DOES NOT EXPECT AMOUNT OF PREMIUM WRITTEN INTO SYNDICATE 33 TO DECREASE YEAR ON YEAR.

Hiscox Makes Half A Dozen Fresh Hires For Luxembourg Hub- CEO

July 30 (Reuters) - Hiscox Ltd <HSX.L>::CEO SAYS CO HAS MADE HALF A DOZEN FRESH HIRES FOR LUXEMBOURG HUB WHICH WILL GO LIVE ON JAN 1, 2019.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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