|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1,348.00 - 1,370.00|
|52 Week Range||1,140.00 - 1,795.00|
|Beta (3Y Monthly)||0.18|
|PE Ratio (TTM)||31.47|
|Earnings Date||Mar 2, 2020|
|Forward Dividend & Yield||0.34 (2.50%)|
|1y Target Est||19.90|
DOW JONES NEWSWIRES Budget airline easyJet PLC (UK:EZJ) is returning to the FTSE 100 index (UK:UKX) after a six-month absence in the latest reshuffle alongside food-delivery platform Just Eat PLC (UK:JE) FTSE Russell confirmed late Wednesday.
(Bloomberg) -- EasyJet Plc is set to return to Britain’s benchmark FTSE 100 index six months after the budget carrier was demoted, the benchmark compiler said.The airline will replace specialist insurer Hiscox Ltd., which will be relegated to the FTSE 250, according to a statement from FTSE Russell. The index review will be based on closing prices on Tuesday and the final announcement will be made after the market close on Wednesday, FTSE Russell said.Luton, England-based EasyJet suffered in the first half of 2019 as investors reacted to its cautious outlook and as the U.K.’s faltering attempts to leave the European Union weighed on demand for air travel. But it stabilized in recent months and jumped in October when it said earnings would hit the top end of its guidance as strikes at rival airlines drove customers onto its aircraft.Bermuda-incorporated Hiscox suffered a hefty slide following its third-quarter earnings in November. Brokers cut their ratings after the report raised concerns about a turnaround in the group’s retail unit and materially higher catastrophe costs in 2019. It has been a FTSE 100 constituent for a year.FTSE 100 membership is coveted not just in terms of prestige, but because it brings investment from funds that follow the index.Joining Hiscox in the FTSE 250 will be joined by Irish cider maker C&C Group Plc, which canceled its Dublin listing in September to leave it with only London-traded shares, and African phone towers owner Helios Towers Plc, which listed in London in October. Just Group Plc also joins the gauge.To contact the reporter on this story: Sam Unsted in London at email@example.comTo contact the editors responsible for this story: Beth Mellor at firstname.lastname@example.org, Jon Menon, Blaise RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
After share-price slide, U.K. insurer Hiscox released a statement disclosing what it told analysts on Wednesday about its expected return to a target range of underwriting profitability. For its Hiscox Retail unit, it sees the 2022 combined ratio falling to 90% to 95% from 97% to 99% in 2019. The higher the ratio, the worse it is for the insurer. "The Group did not believe that this constituted inside information, rather it was a clarification of the meaning of 'medium term.'" The stock was still down 12% after the statement, though off its lows of the day.
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.
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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.
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Hurricane Dorian, which battered the Bahamas early on Monday, could cause insurance industry losses of up to $25 billion, according to analysts at UBS. Dorian, the second-strongest Atlantic storm on record, was forecast to pound the archipelago through the day, then move slowly towards the east U.S. coast, where authorities ordered more than a million people evacuated in Florida, South Carolina and Georgia.
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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 ...