|Bid||695.00 x 0|
|Ask||0.00 x 0|
|Day's Range||732.00 - 766.64|
|52 Week Range||635.40 - 1,795.00|
|Beta (5Y Monthly)||0.37|
|PE Ratio (TTM)||43.81|
|Earnings Date||Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 14, 2020|
|1y Target Est||19.90|
Global insurers are well capitalized to absorb the hit from rising claims and costs related to the COVID-19 pandemic, ratings agency AM Best said on Monday, citing a stress test it conducted to gauge the immediate impact of outbreak on insurers' financial strength. AM Best said most rated insurers and reinsurers performed well in its stress test and their capital levels provided an adequate buffer against a potential shock to their balance sheets. Sensitivity to the COVID-19 pandemic was greater for life and health insurers with high asset and mortality risks, insurers with material exposures to mortgage loans, carriers operating in domiciles in higher country-risk tiers and companies with smaller capital bases.
The Hiscox Action Group has been given the go-ahead from lawyers and funders to start legal action against insurer Hiscox, in an effort to secure £40m of payouts for companies under business interruption policies to cover the costs of the lockdown. The action, to be launched in the next few days by law firm Mishcon de Reya, is to be financed by litigation funder Harbour. The Hiscox Action Group, which has more than 400 members, is one of almost a dozen pressure groups that have been launched since the coronavirus crisis started.
The global insurance industry could lose more than $200 billion as a result of coronavirus, according to centuries-old insurance market Lloyd’s of London.
Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the 9/11 attacks. A report by the broker showed early estimates for U.S. and UK business interruption, contingency, U.S. Directors & Officers, U.S. employment practices, liability, U.S. general liability, U.S. mortgage, trade credit and surety and U.S. workers' compensation.
Top insurers such as AXA <AXAF.PA>, RSA <RSA.L>, QBE <QBE.AX> and Zurich <ZURN.S> face a potential multi-million pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been rejected. A new Hospitality Insurance Action Group (HIGA) on Wednesday issued a "call to arms" to the sector to step forward and have their policies checked for free in the latest move to tackle insurers over their response to the coronavirus pandemic. Lawyers at Mishcon de Reya -- who are already advising a separate action group against Hiscox <HSX.L>, a leading insurer of small and medium sized businesses -- said the hospitality sector had been particularly hard hit by the lockdown.
Lloyd's of London insurers Hiscox and Beazley expect to pay up to $345 million between them to settle claims for cancelled travel, events and mass gatherings during the coronavirus crisis, they said on Wednesday. Hiscox said it expected to pay up to $175 million to settle claims if disruption from the COVID-19 pandemic that has put billions of people on lockdown lasts more than six months. Beazley, meanwhile, said it faces $170 million of losses, net of reinsurance.
According to a study released today by Hiscox, a leading small business insurer, over half of small business owners (57%) feel better about the current state of the US economy compared to a year ago. However, despite this confidence, 90% have taken steps to prepare their businesses for an economic downturn. The 2020 Hiscox Small Business Owner Risk Study™ surveyed 1,000 US small business owners to take their pulse regarding current conditions.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Insurer Hiscox said on Monday earnings from premiums rose in the first nine months of the year and that it had set aside $165 million for claims related to hurricane Dorian and typhoons Hagibis and Faxai. The blue-chip company, part of the oldest insurance market in the world, said it had experienced an active claims environment in the third quarter, as the market braced for major natural catastrophes for the third consecutive year. Hiscox also said it was exposed to the recent California wildfires but said the size of any potential loss was unclear so far.
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burned both his tractor and the shipping container where he kept some tools. Kaisel is the kind of customer making insurers rethink their approach to climate change so they can sell policies without incurring too much risk. "I’m already accustomed to drought, but in the past year I learned first-hand the consequences of both record rainfall and wildfire," Kaisel said.
By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burnt both his tractor and the shipping container where he kept some tools. Kaisel is the kind of customer making insurers rethink their approach to climate change so they can sell policies without incurring too much risk. "I’m already accustomed to drought, but in the past year I learned first-hand the consequences of both record rainfall and wildfire," Kaisel said.
Through their domestic equity bias many US investors are missing out on opportunities to own great international businesses Continue reading...
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
NEW YORK, Aug. 12, 2019 /PRNewswire/ -- Hiscox, the international specialist insurer, today released its 2019 Hiscox Ageism in the Workplace StudyTM, which revealed that 21% of US workers age 40 and older have experienced discrimination in the workplace due to their age, and respondents believe they're most likely to experience it at age 51. The study, which surveyed 400 full-time U.S. workers age 40 and over, also found that more than two-thirds (67%) of respondents 65 or younger plan to continue working after they turn 66, and 62% of all workers did not receive any form of age discrimination training in the previous 12 months. "Age discrimination in the workplace is an increasingly serious issue for businesses and employees as older generations continue to maintain their professional careers longer than their predecessors," said Patrick Mitchell, Management Liability Product Head at Hiscox USA.
Brolly, the U.K. insurance app that lets you keep track of your various policies so you are correctly and competitively covered, is launching a new product to plug what it sees as a gap in home contents insurance. Dubbed "Brolly Contents," the new offering promises "flexible" monthly cover for all or a subset of the items you own, transparently priced and delivered in a more convenient way via Brolly's mobile app. Features of Brolly Contents include the ability to insure up to £40,000 worth of belongings, suitable for renters or property owners, and no fees for updates to your cover.
NEW YORK , July 31, 2019 /PRNewswire/ -- Hiscox, the international specialist insurer, today announced the appointment of Megan McConnell as Chief Underwriting Officer in the US. McConnell, who most recently ...
NEW YORK, June 10, 2019 /PRNewswire/ -- Hiscox, the international specialist insurer, today announced the findings of its 2019 Hiscox Side Hustle to Small Business™ Study, which surveyed 400 small business owners whose businesses first began as side hustles and revealed unique insights about their transformations. Respondents reported working an average of 20 hours per week on their side hustle while still employed in a full-time job—80% working outside of traditional work hours, and 72% making time on weekends.