When Hiscox is questioned about a large payout that it has made against big insurance claims, it tends to state simply that this is what it’s there for: to cover risks and pay the remedy when things go wrong. This FTSE 250 insurer has built a reputation around being more expensive than many of its peers, but more reliable. Except that it’s not quite so straightforward this time.
Hiscox came into being in 1901 and now has more than 3,100 staff in 35 offices in 14 countries. Headquartered in Bermuda, as well as operating on the Lloyd’s market, Hiscox sells cover directly, including to more than 300,000 small businesses and 60,000 homeowners and drivers in Britain.
The last time that this column visited Hiscox, in
