A.M. Best Europe-Rating Services Ltd. has upgraded its issuer credit rating to a+ from a for several units of Hiscox.
Citing the financial strength of the parent company, the insurance ratings firm upgraded the ratings of Bermuda-based Hiscox Insurance Co. (Bermuda) Ltd., U.K.-based Hiscox Insurance Co. Ltd. and Guernsey-based Hiscox Insurance Co. (Guernsey) Ltd.
Moreover, AMBest credited Hiscox’s consolidated risk-adjusted capitalization and underwriting performance, noting that the group has an average five-year combined ratio of approximately 90%. The ratings firms also singled out Hiscox’s strength in the Lloyd’s of London market.
What that means for you? It means that you can get insurance coverage from a reliable company. Certainly, you can go direct to Hiscox and get your quotes and start coverage same day. However, if you are in need for a professional review and assistance contact Paperless Insurance Services, Inc. We have access to Hiscox and several other markets that are specializing on general liability and errors & omissions insurance, such as Philadelphia Insurance Companies, The Hartford, Travelers and CNA. Our highly experienced staff is always here for you. We will review your past and current operations, current insurance coverage and suggest on anything that may help you to to shift the risks. And everything is of course at no cost to you.