Best upgrades Hiscox issuer credit rating

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… Read More »Best upgrades Hiscox issuer credit rating

“Super Losses” of Healthcare Sector

The overall cost and frequency of so called $50 million plus “super losses” in the U.S. healthcare insurance sector are on the rise. According to a report from specialist healthcare insurer Hiscox, the large losses keep on getting larger with juries in the last two years alone awarding more than $1 billion in total damages for just seven medical liability… Read More »“Super Losses” of Healthcare Sector