Hiscox Insurance Company Hiscox Guernsey has an A.M. Best rating
Insurance carriers Hiscox purchased Hiscox Insurance Company
Limited in 1996, in keeping with its aim of
of A (Excellent) and an A+ (Strong) rating from
Fitch. At the end of 2012, net assets exceeded
continued diversifying its activities outside of Lloyd’s and $12 million (2011: $11 million).
writing a focused book of regional specialist risks.
The Group has reshaped the Company’s original Hiscox Insurance Company (Bermuda)
portfolio to concentrate on high-value household Formed by Hiscox in late 2005, Hiscox Insurance
and smaller premium commercial business. Company (Bermuda) Limited was set up as an
expansion of the reinsurance operations of
Hiscox Insurance Company Limited has licences Hiscox and as an internal reinsurer of the Group.
throughout Europe. It is the primary insurance
vehicle used by the UK and mainland Europe Hiscox Bermuda has an A.M. Best rating
offices for their business. The success of the of A (Excellent) and an A+ (Strong) rating from
portfolio can be seen in the chart below right. Fitch. At the end of 2012, net assets exceeded
$1,019 million (2011: $846 million).
Hiscox Insurance Company Limited has
achieved average compound growth in gross Hiscox Insurance Company Inc.
premiums written of 12.2% from 1997 to 2012, Hiscox Insurance Company Inc. was acquired
despite discontinuing almost all of its original by the Group in 2007 through the purchase of
business. It has also significantly improved the then parent holding company ALTOHA, Inc.
its combined ratio.
Hiscox Insurance Company Inc. is based in
Hiscox Insurance Company Limited has an Chicago, Illinois and is an admitted insurance
A.M. Best rating of A (Excellent), a Standard company with licences in all 50 US states and
& Poor’s rating of A (Strong) and an A+ (Strong) the District of Columbia. Its main business is
rating from Fitch. property and liability cover sold through insurance
brokers. From November 2010, the Company
At the end of 2012, net assets exceeded launched a direct commercial business.
£240 million (2011: £214 million).
Hiscox Insurance Company Inc. is rated A
Hiscox Insurance Company (Guernsey) (Excellent) by A.M. Best. At the end of 2012, net
Formed by Hiscox in 1998, Hiscox Insurance assets exceeded $56 million (2011: $58 million).
Company (Guernsey) Limited writes mainly
kidnap and ransom and fine art insurance.
Hiscox Insurance Company (Bermuda) Limited
Gross premiums written ($m) External business
350
297 299 299
300
271
263
250
212
200
171
150
100
50
0 2006 2007 2008 2009 2010 2011 2012
32 Insurance carriers Hiscox Ltd Report and Accounts 2012