In the first half of 2024, our business built on momentum from 2023 to deliver strong profits and robust growth. Here are some key highlights from yesterday’s H1 Analyst presentation at the London Stock Exchange from Aki Hussain, Paul Cooper, and Joanne Musselle: ◽ Premiums increased by $90 million, reaching over $2.8 billion for the first six months of the year, driven by sustained growth in Retail and big-ticket property ◽ Profit before tax rose by over 7% year-on-year to $284 million ROE of 16.5% (H1 2023: 19.9%) ◽ Interim dividend increased by 5.6% For more details please see the full presentation and our results announcement https://lnkd.in/e8hjgmE6.
About us
Hiscox is a leader in specialist insurance. We seek to provide the best protection and peace of mind for our clients through high quality insurance products, backed with excellent service. We are experts in covering a wide range of personal and commercial risks.
- Website
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http://www.hiscoxgroup.com
External link for Hiscox
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Hamilton
- Type
- Public Company
- Founded
- 1901
- Specialties
- Reinsurance, Art and private client, Speciality, Property, Local errors & omissions and commercial, Global errors and omissions, Marine and energy, and Direct products (personal, household, commercial, travel, event)
Locations
Employees at Hiscox
Updates
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This morning we announced our H1 2024 results to the market. Thanks to the hard work and commitment of our colleagues across the business, Hiscox has had a strong start to 2024, delivering a $284m profit before tax, a year-on-year increase of 7%; good, steady growth in our retail businesses; and excellent combined ratios in our Big Ticket teams. In the same timeframe we’ve welcomed 250 new colleagues, including our USA CEO Mary Boyd and UK Chief Operating Officer Catherine Frost; reached half a million customers in our UK retail business; and made good progress in underwriting and expense management across the Group. Hear more from our Group CEO Aki Hussain below.
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Looking for a new job in #tech, #data and #transformation? At Hiscox we’re excited to be at the forefront of the tech revolution in the insurance industry. From the way we work inside our business, to the application of #AI to improve the customer experience, we’re always looking for ways to do things better and improve the outcomes for the people who matter – our customers. That’s why we’re so excited to be expanding our Lisbon Tech Hub, one of our major global tech centres of excellence. Over the coming months we’re looking for 60 new data and technology experts to join our growing team and help us on our mission to do better for everyone, every day. If you’re a tech or data professional looking to join a growing company where you can drive real change – check out our jobs in Lisbon and around the world here: https://lnkd.in/erui2btQ #LIfeatHiscox #technologyjobs #datajobs #insurancejobs
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According to research published in the journal Nature, 1 in 50 people and 1 in 35 properties from 32 coastal cities in the US could face significant flooding by 2050. Tom King, Flood Line Underwriter, and Dr Oliver Wing, Chief Research Officer at water and climate risk intelligence provider Fathom, discuss how cities and urban areas need new innovative flood defences to meet the flood risk challenges…
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As long-time insurers, supporters, and collectors of art, we’re proud to support the 13th edition of Sculpture in the City in London. It’s an event we’ve been involved in since it began, and while the open-air exhibition officially launches tomorrow, the pieces are already transforming the area’s pavements and public spaces. For more information, including activation events taking place over the summer, go to: https://lnkd.in/gshMCx7 #SculptureintheCity #LifeAtHiscox Image: Jesse Pollock, The Granary Copyright the artist Photo: © Nick Turpin
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This month, our Hiscox Ireland Managing Director, Richard O'Dwyer, has been discussing our ambitions in the Irish insurance market and our vision for 2024 and beyond with Irishbroker Magazine. Find out more, including how the team are using technology to improve broker experiences, at: https://lnkd.in/eiiX6av2 #LifeAtHiscox #InsuranceCareers
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James Daykin, Hiscox’s newly appointed Marine and Energy Liability Line Underwriter, highlights the importance of expertise, service, and consistency as a market leader… https://lnkd.in/eqHet7-C
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This week Hiscox Re & ILS welcomed a group of 15 impressive interns to our Bermuda office for a series of roundtable discussions on careers in reinsurance. As part of the event, Kathleen Reardon, CEO of Hiscox Re & ILS, spent time with the group, sharing her thoughts on how to build a rewarding career in the industry. Special thanks to our very own Vincent Prabis, Michael Doyle, Samantha Hartwell and Justin Sousa for sharing their time with the interns, and the Association of Bermuda Insurers and Reinsurers (ABIR), for their partnership as we cultivate the future leaders of our industry. #BermudaSummerInterns #LifeAtHiscox
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Hiscox reposted this
What’s the best way to drive lasting change? Team up with others... 🤝 We’re pleased to announce the Inclusive Futures Coalition: the eight market firms and three delivery partners behind our plan to help Black and ethnically diverse individuals progress and participate from the classroom to the boardroom. Over the next ten years, Inclusive Futures will see hundreds of ethnically diverse students through university, and thousands of ethnically diverse professionals through our market and onto the top levels of leadership. Read more about the initiatives (and watch the full video) here: https://lnkd.in/ewz6ewuK Arch Insurance International AXA XL Beazley Chubb Hiscox Howden MS Amlin Tokio Marine Kiln Green Park Equity City #DiversityandInclusion #InsuranceCareers #LloydsPeople