Articles - Hiscox IFS rating upgraded to A+ by Fitch


 Hiscox Ltd, the international specialist insurer, confirms that Fitch Ratings has upgraded Hiscox Group's (Hiscox) core entities' Insurer Financial Strength (IFS) ratings to 'A+'. Fitch has also upgraded all Hiscox’s holding companies’ Long-term Issuer Default Ratings (IDRs) to 'A-'. The Outlooks on all the ratings are Stable.

 Stuart Bridges, Group Finance Director of Hiscox commented: “This upgrade is pleasing and is a vindication of our strategy. Hiscox is a resilient business, the balance we have achieved between regional retail businesses and large ticket catastrophe risks allows us to adjust to changing market dynamics and maintain stability and profitability over time.”

 In its statement, Fitch said that the rating upgrades reflect Hiscox’s strong capital position and continued track record of profitability. Fitch noted that the stability of earnings has been aided by a diversified business mix, combining volatile and more stable-performing lines of business, and said it views Hiscox’s active cycle management positively.

Back to Index


Similar News to this Story

IFoA Antibiotic Resistance Working Party
Video
Investment opportunities for DC schemes set to expand
The Department for Work and Pensions (DWP) launched a wide-ranging consultation on facilitating investment by defined contribution (DC) pension scheme
The real risks of freedoms
When pension freedoms first came into play there was no doubt that while they offered welcome flexibility, they also resulted in more risks that could

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.