Hiscox

Starr Insurance Introduces Twin Maples Specialty To Serve the Wholesale Market

Retrieved on: 
Tuesday, March 12, 2024
Insurance, Professional Services, AIG, Starr Companies, Small business, Hiscox, Financial services

Starr Insurance today announced the establishment of Twin Maples Specialty, a division of Starr Specialty Lines Insurance Agency, LLC, to focus on the wholesale brokerage community.

Key Points: 
  • Starr Insurance today announced the establishment of Twin Maples Specialty, a division of Starr Specialty Lines Insurance Agency, LLC, to focus on the wholesale brokerage community.
  • Twin Maples will be led by industry veteran Bob Gadaleta, Executive Vice President, Wholesale Commercial Insurance.
  • Twin Maples will focus on business placed through wholesale brokers, who continue to gain market share in the U.S. insurance landscape.
  • Steve Blakey, Starr Insurance president, said, “We recognize the unique needs of the wholesale and retail brokerages, and Starr is committed to delivering solutions for all of our trading partners.

DeNexus expands re/insurance and Insurance-Linked Securities expertise with new senior hire

Retrieved on: 
Thursday, December 21, 2023
Risk, Hiscox, Insurance, Knowledge, Organization, Risk management

BOSTON, Dec. 21, 2023 /PRNewswire/ -- DeNexus Inc, a provider of second-generation cyber risk quantification and management services to industrial enterprises and critical infrastructure owners and operators, and the cyber insurance market, has strengthened its risk transfer solutions capabilities with the hire of Insurance-Linked Securities (ILS) expert George Mawdsley.

Key Points: 
  • "They have a superior cyber risk quantification and management product, and exciting ambitions to support a cyber ILS market.
  • I am excited to work side-by-side with DeNexus to effectively connect cyber risk with alternative capital and really make an impact on the cyber insurance market."
  • DeNexus has developed credible modelling that produces evidence-based data in order to quantify cyber risk and support the development of the cyber re/insurance and cyber ILS markets.
  • DeNexus recently launched a complimentary cyber tool, aimed at helping industrial companies quickly evaluate their cyber risk exposure.

Westfield Specialty Names 2 Leaders; Enters International Property D&F Business

Retrieved on: 
Thursday, December 14, 2023
Syndicate, Acquisition, D, International, Hiscox, 1301, London and Lancashire Insurance, International Insurance Company, Catlin Group, Kalara International Properties, Lloyd's of London, Richard Catlin, Financial services

WESTFIELD CENTER, Ohio, Dec. 14, 2023 /PRNewswire/ -- Westfield Specialty is forming a team to lead its entry into international property direct and facultative (D&F) insurance.

Key Points: 
  • WESTFIELD CENTER, Ohio, Dec. 14, 2023 /PRNewswire/ -- Westfield Specialty is forming a team to lead its entry into international property direct and facultative (D&F) insurance.
  • The new International Property division will be led by Richard Wood, Executive Vice President, Head of Property, International Insurance, who will join the company in July 2024.
  • Richard Wood joins Westfield Specialty from Lancashire Group, where he was Group Head of D&F Property.
  • "As we continue to diversify our overall portfolio, we now have an increasingly appealing offering to serve needs in the international property D&F market," says Westfield Specialty President Jack Kuhn.

Westfield Specialty Names 2 Leaders; Enters International Property D&F Business

Retrieved on: 
Thursday, December 14, 2023
Syndicate, Acquisition, D, International, Hiscox, 1301, London and Lancashire Insurance, International Insurance Company, Catlin Group, Kalara International Properties, Lloyd's of London, Richard Catlin, Financial services

WESTFIELD CENTER, Ohio, Dec. 14, 2023 /PRNewswire/ -- Westfield Specialty is forming a team to lead its entry into international property direct and facultative (D&F) insurance.

Key Points: 
  • WESTFIELD CENTER, Ohio, Dec. 14, 2023 /PRNewswire/ -- Westfield Specialty is forming a team to lead its entry into international property direct and facultative (D&F) insurance.
  • The new International Property division will be led by Richard Wood, Executive Vice President, Head of Property, International Insurance, who will join the company in July 2024.
  • Richard Wood joins Westfield Specialty from Lancashire Group, where he was Group Head of D&F Property.
  • "As we continue to diversify our overall portfolio, we now have an increasingly appealing offering to serve needs in the international property D&F market," says Westfield Specialty President Jack Kuhn.

AM Best Affirms Credit Ratings of Hiscox Ltd and Its Subsidiaries

Retrieved on: 
Friday, November 3, 2023
Banking, Professional Services, Insurance, Finance, GWP, AM Best, Good, History, Credit, News, AM, Guernsey, Risk management, HIG, Bermuda, HIB, USD, ALL, Reinsurance, Bank, Hiscox

At the same time, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Hiscox Ltd (Hiscox) (Bermuda), the ultimate non-operating holding company of the Hiscox group of companies.

Key Points: 
  • At the same time, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of Hiscox Ltd (Hiscox) (Bermuda), the ultimate non-operating holding company of the Hiscox group of companies.
  • The ratings of HIB, HICL, HIG and HICI reflect their strategic importance to Hiscox, as well as their integration within the group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

IFRC Launches Groundbreaking Financial Mechanism to Transform Disaster Response

Retrieved on: 
Wednesday, September 6, 2023
Managed Care, Professional Services, Philanthropy, Law Enforcement, Emergency Services, White House, Federal Government, Social Services, Other Policy Issues, Nursing, Insurance, Finance, Other Philanthropy, Health, Public Policy, Government, Francs, Private sector, International Federation of Red Cross and Red Crescent Societies, Aon Centre (Wellington), Partnership, Foreign, Commonwealth and Development Office, 122 Leadenhall Street, Financial Conduct Authority, Ogier the Dane, British Red Cross, International Red Cross and Red Crescent Movement, Multimedia, Hiscox, National Society for Earthquake Technology - Nepal, RenaissanceRe, Lenz, Leadenhall Street, Development, Disaster, ISF, Aon Center, Risk, Commonwealth, Bermuda, Safety, Risk management

The International Federation of Red Cross and Red Crescent Societies ( IFRC ), in collaboration with global professional services firm Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, has announced a pioneering approach to disaster response.

Key Points: 
  • The International Federation of Red Cross and Red Crescent Societies ( IFRC ), in collaboration with global professional services firm Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, has announced a pioneering approach to disaster response.
  • The groundbreaking risk transfer mechanism will ensure swift and agile support is available when a disaster occurs.
  • This tool provides a backstop for the IFRC's Disaster Response Emergency Fund ( DREF ).
  • View the full release here: https://www.businesswire.com/news/home/20230906947243/en/
    The International Federation of Red Cross and Red Crescent Societies (IFRC) launches a groundbreaking financial mechanism to transform disaster response.

Upland Adds Multi-Line Claims Veteran as New Chief Claims Officer

Retrieved on: 
Monday, August 7, 2023
University, Smith, GAAP, Hiscox, AIG, Upland Mutual Insurance Company, CCO, Capital Group Companies, Management

Dallas, Texas--(Newsfile Corp. - August 7, 2023) - Upland Capital Group (Upland) announces the addition of Richard Smith as their new Chief Claims Officer (CCO).

Key Points: 
  • Dallas, Texas--(Newsfile Corp. - August 7, 2023) - Upland Capital Group (Upland) announces the addition of Richard Smith as their new Chief Claims Officer (CCO).
  • Smith brings over 26 years of experience in property and casualty claims operations primarily focusing on multi-line business and commercial trucking accounts.
  • "Upland is very fortunate to bring on an industry-recognized leader like Rich," said Upland CUO and president of underwriting operations Jim Damonte.
  • "His unique skillset and practical claims management strategies will bring considerable efficiencies in successfully processing our broker's unique claim submissions."

FloodFlash announce partnership with Hiscox

Retrieved on: 
Monday, August 7, 2023
Munich Re, Insurance, Internet of things, Partnership, Record, Prevalence, Hiscox, Capacity management

LONDON, Aug. 7, 2023 /PRNewswire/ -- FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, has today announced a new partnership with Hiscox.

Key Points: 
  • LONDON, Aug. 7, 2023 /PRNewswire/ -- FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, has today announced a new partnership with Hiscox.
  • Hiscox is already an active participant in the US flood insurance market, and as a capacity provider for FloodFlash will support the market appetite for parametric as an efficient option for catastrophe covers.
  • They join Munich Re, whose parametric expertise Hiscox will complement with market-leading knowledge of launching successful flood products in the US.
  • This new partnership with Hiscox represents another key endorsement of the FloodFlash approach and, in addition to Munich Re, we have the ideal carrier team supporting us as a parametric flood insurance provider.

FloodFlash announce partnership with Hiscox

Retrieved on: 
Monday, August 7, 2023
Munich Re, Insurance, Internet of things, Partnership, Record, Prevalence, Hiscox, Capacity management

LONDON, Aug. 7, 2023 /PRNewswire/ -- FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, has today announced a new partnership with Hiscox.

Key Points: 
  • LONDON, Aug. 7, 2023 /PRNewswire/ -- FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, has today announced a new partnership with Hiscox.
  • Hiscox is already an active participant in the US flood insurance market, and as a capacity provider for FloodFlash will support the market appetite for parametric as an efficient option for catastrophe covers.
  • They join Munich Re, whose parametric expertise Hiscox will complement with market-leading knowledge of launching successful flood products in the US.
  • This new partnership with Hiscox represents another key endorsement of the FloodFlash approach and, in addition to Munich Re, we have the ideal carrier team supporting us as a parametric flood insurance provider.

The VIPRE Data Breach Kit: How SMBs Can Protect Themselves

Retrieved on: 
Tuesday, July 18, 2023
VIPRE, Small business, Employment, Ademco Security Group, Intelligence, Luigi, Hiscox, Social engineering, SMB, Organization, EDR, Trust, GDP, Risk, Weather, SME, Fine chemical, Medical device, Risk management, Online shopping, Computer data storage

NEW YORK, July 18, 2023 /PRNewswire/ -- Today, VIPRE Security Group announced the release of its Data Breach Kit. For too long, cybersecurity experts and vendors have provided SMBs with general advice unsuitable to their needs when, instead, they need a tailored, pragmatic approach to cybersecurity. This report provides SMBs with a targeted, comprehensive guide to data breaches, how they happen, and how SMBs can protect themselves.

Key Points: 
  • NEW YORK, July 18, 2023 /PRNewswire/ -- Today, VIPRE Security Group announced the release of its Data Breach Kit.
  • This report provides SMBs with a targeted, comprehensive guide to data breaches, how they happen, and how SMBs can protect themselves.
  • SMBs are often overlooked, but they shouldn't be as they SMBs account for 90% of companies, 60% to 70% of employment, and 50% of GDP globally.
  • Data breaches are a particularly severe threat to SMBs because they are less equipped to weather the financial impacts.