Latest Hiscox Ltd (HCXLF) Headlines A.M. Best
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A.M. Best Affirms Ratings of Hiscox Ltd and Its Subsidiaries
Business Wire - Thu Dec 05, 8:40AM CST
A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a+" of Hiscox Insurance Company (Bermuda) Limited (Hiscox Bermuda), Hiscox Insurance Company Limited (Hisco) (United Kingdom) and Hiscox Insurance Company (Guernsey) Limited (Hiscox Guernsey). Concurrently, A.M. Best has affirmed the ICR of "bbb+" of Hiscox Ltd (Hiscox) (Bermuda), the ultimate parent holding company of the Hiscox group of companies. The outlook for the above ratings is stable.
Aviva Plc - Company Profile Report
M2 - Tue Oct 15, 9:36AM CDT
Research and Markets (http://www.researchandmarkets.com/research/vcv46g/aviva_plc) has announced the addition of the "Aviva Plc - Company Profile Report" company profile to their offering. Aviva Plc recorded GBP22.7 billion of gross written premiums from its global insurance operations in 2012. In the same year the company reported GBP1.89 billion in global operating profits, down 10% compared to 2011. The UK represents the majority of its worldwide business, accounting for half its premium income and 70% of its profits. Companies Mentioned Aviva Plc AIG Europe Ltd Chubb Insurance Company of Europe SE CNA Insurance Company Ltd Hiscox Ltd QBE Insurance (Europe) Ltd XL Group Plc Growth in Aviva's life and non-life gross written premiums in the UK has mirrored macroeconomic developments over the last five years, posting sharp drops during the 2008-2009 recession and a muted recovery since 2010. A broad recovery in GDP growth, consumer confidence and the housing market is expected to materialize from the end of 2013, providing impetus for insurance demand. A shareholder revolt in 2012 prompted the current chairman, John McFarlane, to implement an extensive restructuring plan. Over the last two years, Aviva has shed its unprofitable life insurance businesses in Eastern Europe, Sri Lanka, Malaysia and the US, and has also sold its stakes in Delta Lloyd and Aseval. Key Highlights - Aviva's global operations are dominated by UK insurance - The company's performance in the UK has tracked broader economic trends - The new chairman has led a reorientation away from loss-making areas to concentrate efforts in markets with a strong growth potential - Developing economies could help reduce dependence on UK results - Opportunities still exist for expansion in established markets Key Topics Covered: Executive Summary Introduction Key Facts Strategic Evaluation Market Analysis - UK SWOT Analysis Competitive Landscape Operations Deals News Recommendations Appendix List of Tables List of Figures For more information visit http://www.researchandmarkets.com/research/vcv46g/aviva_plc About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Household Insurance in the UK Report: Key Trends and Opportunities to 2017
M2 - Wed Jul 10, 6:33AM CDT
Research and Markets (http://www.researchandmarkets.com/research/3bhgr6/household) has announced the addition of the "Household Insurance in the UK, Key Trends and Opportunities to 2017" report to their offering. Gross written premiums in the household insurance category rose by 0.6% annually in 2012, slowing from the expansion recorded in 2011. Premium income totaled GBP5.26 billion in 2012 and grew at a CAGR of 3.24% between 2008 and 2012. The strength of the housing market is a primary driver of demand for household insurance. 2012 saw slower growth in mortgage lending and house prices, and a slump in private housing construction. The soft recovery in the UK housing market, coupled with the fragility in the wider economy, will remain a challenge for the household insurance category. A strong rebound in economic growth is not expected to materialize until 2014, but as this recovery gains traction, growth rates in premiums will also pick up. Claims paid by household insurers jumped by 11.3% in 2012, in li