Record annual profits and a surprise $150 million share buyback gave a boost to the Hiscox share price on Tuesday but are they enough to assuage investor nervousness about the performance of the insurer’s retail arm?
Hiscox is one of the best-known names in Britain’s insurance industry. Although-based in Bermuda, the UK-quoted company is behind one of the oldest syndicates on the Lloyd’s of London insurance market that provides cover for big-ticket risks, from natural disasters to cyberattacks.
It also has a reinsurance and insurance-linked securities (ILS) business, another big-ticket division, and a retail arm that provides cover for everything from motor to fine art. Aki Hussain, its chief executive and previously its finance chief, has led the business since the beginning of 2022. He
