The day-to-day life of Hiscox probably won’t change much in the wake of the insurer’s elevation to the FTSE 100 in the latest quarterly reshuffle that was unveiled last night. For investors, though, owning a blue-chip company share should make the world a little sweeter. Aside from the cache of being a member of the premium index, the stock should receive a boost from tracker funds buying to reweight their holdings.
Hiscox was established in 1901 by AE Roberts, an underwriter who put together a syndicate to provide cover for the maritime industry through the Lloyd’s of London market. Today it is headquartered in Bermuda and employs more than 2,700 staff across 34 offices in 14 countries.
As well as offering, through Lloyd’s, traditional protection