Hiscox Ltd. is a global specialty insurer and reinsurer, headquartered in Bermuda and listed on the London Stock Exchange. Its reinsurance arm, Hiscox Re & ILS, reported a 2024 pre-tax profit of $267 million.
Hiscox began in 1901 as a marine underwriter at Lloyd’s of London. While its reinsurance and insurance-linked strategy division, Hiscox Re & ILS, officially formed in 2013.
The broader milestones from Hiscox’s corporate history include:
Hiscox Ltd. also supported Coterie, a digital managing general agent (MGA) focused on small business insurance, as it raised $27 million in new funding. In recent years, Hiscox Re & ILS has grown with new leadership and product innovation.
Hiscox Re & ILS brings together expert underwriters, analysts, and claims specialists to solve complex reinsurance needs:
These solutions are built to adapt to changing risks and global market needs. The team is always ready to dig deeper, rethink the issue, and deliver a smarter fix.
Hiscox Ltd. builds its culture on respect, empowerment, and making room for fresh ideas. Everyone is encouraged to lead with purpose and grow their impact within the business.
The company follows five core values that shape its goals and everyday decisions:
These values help build trust, drive progress, and support a strong and lasting business.
Hiscox Ltd. believes success includes giving back and making a real difference in people’s lives. The company supports local projects that build stronger communities and better futures for others:
Employees are encouraged to give their time to these causes. Many volunteer during work hours to support schools, clean beaches, and help where needed.
People often say the team is what makes the firm special. Employee networks like Women at Hiscox and WeMind help build connection and support. From innovation sessions to charity drives, there’s always a way to join in.
Hiscox Ltd. also supports local groups and global causes through hands-on giving and partnerships. More than 180 charities have received help from Hiscox through donations and outreach. That includes digital tools for Bermuda students and career mentoring for London youth.
Hiscox Re shared insights into the thinking behind CyberShock, its new cyber catastrophe consortium. Developed with Ariel Re, the solution brings $50 million in dedicated cyber capacity per program. The move shows Hiscox Re & ILS’ ongoing focus on shaping better coverage for digital threats.
Hiscox Ltd. posted $492 million in reinsurance premiums for Q1 of 2025. Its reinsurance arm saw smart growth in net premiums despite softening market conditions. The firm continues to attract quota share backing while keeping strong underwriting discipline in place.
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