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Hiscox Ltd

HSX.L

Latest Trade

767.20GBp

Change

-10.40(-1.34%)

Volume

1,003,034

Today's Range

753.00

 - 

788.40

52 Week Range

635.40

 - 

1,795.00

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

Latest Developments

Hiscox Announces Completion Of Non-Pre-Emptive Placing Of New Ordinary Shares Of 6.5 Pence Each

May 6 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - RESULTS OF CAPITAL RAISE.HISCOX LTD - ANNOUNCES COMPLETION OF NON-PRE-EMPTIVE PLACING OF NEW ORDINARY SHARES OF 6.5 PENCE EACH.HISCOX LTD - A TOTAL OF 57.6 MILLION NEW ORDINARY SHARES IN CAPITAL PLACED AT 650 PENCE/PLACING SHARE.HISCOX LTD - PLACING AND SUBSCRIPTION RAISED GROSS PROCEEDS OF ABOUT £375 MILLION.

Hiscox Says Qtrly Gross Written Premiums Grew By 2% In Constant Currency To $1,181.8 Mln

May 5 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD TRADING STATEMENT.QTRLY GROSS WRITTEN PREMIUMS GREW BY 2% IN CONSTANT CURRENCY TO $1,181.8 MILLION (2019: $1,164.7 MILLION).HAVE NO MATERIAL EXPOSURE TO LINES SUCH AS TRADE CREDIT INSURANCE WHICH ARE HEAVILY IMPACTED BY COVID-19..UNABLE TO ACCURATELY FORECAST OUTLOOK FOR 2020.HAVE WITHDRAWN ALL FINANCIAL GUIDANCE FOR 2020 UNTIL THERE IS MORE CLARITY..REMAIN CONFIDENT IN OUR ABILITY TO RETURN TO OUR NORMAL 90-95% COMBINED RATIO TARGET RANGE FOR RETAIL BUSINESS IN 2022.IN Q1, HISCOX HAS SEEN CONTINUED GROWTH IN RETAIL AND LONDON MARKET DIVISIONS. HISCOX RE & ILS REMAINED CAUTIOUS.HISCOX LONDON MARKET IS EXPECTED TO CONTINUE TO HARDEN, DRIVEN BY FURTHER CAPITAL CONTRACTION DUE TO UNCERTAINTY FROM COVID-19..IN APRIL, HISCOX RETAIL EXPERIENCED A REDUCTION IN NEW BUSINESS, RESULTING IN A MODERATE SLOWDOWN IN PREMIUM GROWTH.EXCLUDING IMPACT OF COVID-19, CLAIMS FOR HISCOX RETAIL WERE IN LINE WITH EXPECTATIONS IN Q1.WE WELCOME POSITIVE STEPS BY FCA TO RESOLVE DISPUTES IN INDUSTRY OVER APPLICATION OF PROPERTY POLICIES RELATING TO BUSINESS INTERRUPTION.

Hiscox Announces Proposed Capital Raise Of Ordinary Shares

May 5 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - PROPOSED CAPITAL RAISE OF ORDINARY SHARES.HISCOX - ANNOUNCES ITS INTENTION TO CONDUCT A NON-PRE-EMPTIVE PLACING OF NEW ORDINARY SHARES OF 6.5 PENCE EACH ( "PLACING SHARES") IN CAPITAL OF CO.HISCOX LTD - IN ADDITION, IN CONJUNCTION WITH PLACING, CERTAIN DIRECTORS AND MEMBERS OF SENIOR MANAGEMENT INTEND TO SUBSCRIBE FOR NEW ORDINARY SHARES.HISCOX LTD - TOTAL NUMBER OF PLACING SHARES AND SUBSCRIPTION SHARES WILL NOT EXCEED 19.99 PER CENT.HISCOX LTD - PLACING WILL BE CONDUCTED THROUGH AN ACCELERATED BOOKBUILDING PROCESS.HISCOX LTD - BELIEVES THAT ITS CAPITAL, LIQUIDITY AND FUNDING POSITIONS REMAIN ROBUST.

UK watchdog seeks court declaration on business interruption policies

May 1 (Reuters) - :FCA IS ANNOUNCING THAT IT INTENDS TO OBTAIN A COURT DECLARATION TO RESOLVE CONTRACTUAL UNCERTAINTY IN BUSINESS INTERRUPTION ("BI") INSURANCE.FINANCIAL CONDUCT - FCA STATEMENT ON BUSINESS INTERRUPTION INSURANCE.FCA IS ANNOUNCING THAT IT INTENDS TO OBTAIN A COURT DECLARATION TO RESOLVE CONTRACTUAL UNCERTAINTY IN BUSINESS INTERRUPTION.FCA SAYS THIS IS DUE TO CONTINUING CONCERNS ABOUT LACK OF CLARITY AND CERTAINTY FOR SOME CUSTOMERS MAKING BUSINESS INTERRUPTION (BI) CLAIMS,.FCA- THIS IS DUE TO CONTINUING CONCERNS ABOUT LACK OF CLARITY AND CERTAINTY FOR SOME CUSTOMERS MAKING BUSINESS INTERRUPTION CLAIMS.FCA-WE ARE INTENDING TO TAKE THIS ACTION IN PUBLIC INTEREST TO ADVANCE OUR CONSUMER PROTECTION AND MARKET INTEGRITY OBJECTIVES.FCA ANY UNCERTAINTY NEEDS TO BE RESOLVED AS QUICKLY AS POSSIBL.

UK watchdog sets out measures on business interruption policies

May 1 (Reuters) - Aviva PLC <AV.L>::FCA SEEKS LEGAL CLARITY ON BUSINESS INTERRUPTION INSURANCE.IT IS ALSO PROPOSING A SERIES OF MEASURES TO SUPPORT BOTH CONSUMERS AND BUSINESSES WHO HOLD INSURANCE PRODUCTS.PACKAGE OF MEASURES SETS OUT FCA'S EXPECTATIONS THAT INSURANCE FIRMS SHOULD CONSIDER WHETHER THEIR PRODUCTS STILL OFFER VALUE.FCA SAYS THERE REMAIN A NUMBER OF BUSINESS INTERRUPTION POLICIES WHERE IT IS CLEAR THAT FIRM HAS AN OBLIGATION TO PAY OUT ON A POLICY.

Most interruption insurance doesn't cover pandemics-UK's ABI

May 1 (Reuters) - :ASSOCIATION OF BRITISH INSURERS SAYS VAST MAJORITY OF BUSINESS INTERRUPTION POLICIES DO NOT COVER PANDEMICS.

Hiscox Weighs Raising Funds As Insurance Rates Rise On Coronavirus Crisis

April 29 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - RESPONSE TO PRESS SPECULATION.HISCOX LTD - HISCOX BOARD BELIEVES GROUP HAS SUFFICIENT CAPITAL TO MEET EXPECTED LIABILITIES ARISING AS A RESULT OF EXPOSURES TO PANDEMIC..HISCOX -SEE RESULTANT UNCERTAINTY FROM PANDEMIC, CONSEQUENT CAPITAL CONTRACTION TO RESULT IN RATES HARDENING ACROSS US WHOLESALE, REINSURANCE MARKETS.HISCOX LTD - EVALUATING POSSIBLE SOURCES OF CAPITAL TO RESPOND IN AN APPROPRIATE WAY TO MARKET DYNAMICS, WHICH COULD INCLUDE RAISING NEW EQUITY.HISCOX - NO DECISION MADE ON WHETHER TO PROCEED WITH CAPITAL RAISE OR WITH REGARDS TO TIMING OR SIZE OF ANY SUCH CAPITAL RAISE.

Hiscox Says Co Believes Business Interruption Exposure To COVID-19 Limited In Europe

April 15 (Reuters) - Hiscox Ltd <HSX.L>::MARKET UPDATE RE BUSINESS INTERRUPTION EXPOSURE.BELIEVES ITS BUSINESS INTERRUPTION EXPOSURE TO COVID-19 IS LIMITED IN EUROPE AND IT HAS NEGLIGIBLE EXPOSURE IN ITS US RETAIL BUSINESS.CORE POLICY WORDINGS DO NOT PROVIDE COVER FOR BUSINESS INTERRUPTION AS RESULT OF GENERAL MEASURES TAKEN BY UK IN RESPONSE TO PANDEMIC.APPROXIMATELY 10% OF HISCOX UK'S SMALL COMMERCIAL PACKAGE CUSTOMERS PURCHASE COVER FOR BUSINESS INTERRUPTION.OF THOSE WHO BUY COVER FOR BUSINESS INTERRUPTION, ESTIMATE ABOUT 10,000 DIRECTLY IMPACTED BY MANDATED GOVERNMENT CLOSURE TO STOP SPREAD OF VIRUS.DISASTER SCENARIO ESTIMATES NET LOSS OF $175 MILLION FOR LOSSES MAINLY FROM EVENT CANCELLATION, ENTERTAINMENT, TRAVEL IN GLOBAL PANDEMIC.PAYING CLAIMS FOR ENTERTAINMENT, TRAVEL BUSINESSES AND CLAIMS PROGRESSING IN LINE WITH EXPECTATIONS.

Hiscox Says Is Withdrawing All Financial Guidance For 2020

April 8 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - UPDATE ON DIVIDEND PAYMENT AND GUIDANCE.HISCOX LTD - BOARD HAS ALSO AGREED THAT FOR 2020 COMPANY WILL NOT PROPOSE AN INTERIM DIVIDEND PAYMENT, OR CONDUCT ANY SHARE BUYBACK.HISCOX - DECIDED RESOLUTION TO APPROVE 2019 FINAL DIVIDEND OF 29.6 CENTS PER SHARE WILL NO LONGER BE PUT TO SHAREHOLDERS AT AGM.HISCOX LTD - TRADING ACROSS GROUP FOR FIRST TWO MONTHS OF YEAR WAS AHEAD OF EXPECTATIONS.HISCOX LTD - IN VIEW OF UNCERTAIN IMPACT OF COVID-19 ON GLOBAL ECONOMY, GROUP IS UNABLE TO ACCURATELY FORECAST OUTLOOK FOR 2020.HISCOX LTD - WITHDRAWING ALL FINANCIAL GUIDANCE FOR 2020 UNTIL THERE IS MORE CLARITY.HISCOX LTD - REMAIN CONFIDENT IN OUR ABILITY TO RETURN TO OUR NORMAL 90-95% COMBINED RATIO TARGET RANGE FOR RETAIL BUSINESS IN 2022..

Hiscox FY 19 Profit Before Tax $53.1 Million Versus $135.6 Million Year Ago

March 2 (Reuters) - Hiscox Ltd <HSX.L>::HISCOX LTD - HISCOX LTD FULL YEAR RESULTS.FY NET PREMIUMS EARNED $2,635.6M VERSUS $2,573.6M.FY 19 PROFIT BEFORE TAX $53.1 MILLION VERSUS $135.6 MILLION YEAR AGO."TOO EARLY TO ESTIMATE IMPACT OF CORONAVIRUS".FY INVESTMENT RETURN (ANNUALISED) 3.6% VERSUS 0.7%.FULL YEAR DIVIDEND UP BY 3.5% TO 29.6 CENTS, IN LINE WITH GROUP'S PROGRESSIVE DIVIDEND POLICY.EXPECT RETAIL BUSINESS TO GET BACK ON TRACK, WITH BETTER GROWTH THIS YEAR THAN LAST, AND IMPROVED COMBINED RATIO.WILL TRIM REINSURANCE BUSINESS TO SUIT CONDITIONS.NET LOSSES ARE WELL WITHIN OUR EXPECTED CATASTROPHE LOSS BUDGET FOR QUARTER.FY GROUP PROFITS IMPACTED BY LARGE CATASTROPHE EVENTS, WITH $165 MILLION RESERVED FOR HURRICANE DORIAN AND TYPHOONS FAXAI AND HAGIBIS.

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

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