Hiscox
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| Industry | Insurance |
|---|---|
| Founded | 1901 |
| Headquarters | Hamilton, Bermuda |
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Key people
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Robert Hiscox (Honorary President), Robert Childs (Chairman), Bronek Masojada (CEO) |
| Products | Specialty property, casualty, kidnap and ransom, marine, aerospace, hacker and political risk insurance |
| Revenue | £1,944.2 million (2015) |
| £224.8 million (2015) | |
| Profit | £209.9 million (2015) |
| Website | www.hiscoxgroup.com |
Hiscox Ltd. is a Bermuda-incorporated insurance provider, listed on the . An underwriter at Lloyd's of London, the company largely specialises in niche areas of the market, offering property and casualty insurance aimed at companies and high-net-worth individuals, as well as cover against such risks as hacking, kidnapping and satellite damage. The firm is a constituent of the FTSE 250 Index.
The roots of the company lie with the Roberts agency, which commenced underwriting marine insurance at the Lloyd's market in 1901. In 1946 Ralph Hiscox, who had joined the agency as an underwriter of non-marine insurance eight years earlier, formed the Roberts & Hiscox partnership for the purposes of managing syndicates at Lloyd's. Hiscox was elected chairman of Lloyd's in 1967, the same year his son Robert joined the group's Syndicate 33 as an underwriter of fine art and personal accident insurance.Robert Hiscox subsequently took over as head of the partnership in 1970 after the death of his father, and set about growing the size of the business.
In 1987 the firm reorganised - a holding company, Hiscox Holdings Ltd, was established for the group, which comprised the subsidiaries Hiscox Syndicates (for managing syndicates) and Roberts & Hiscox (for introducing and advising members of the Lloyd's market). Expansion beyond the London market followed in 1989 with the formation of a third subsidiary, Hiscox Underwriting, specifically for this purpose.
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