Hiscox Launches Coverage Suite for Financial Services Firms
Hiscox, the international specialist insurer, today announced the launch of a new suite of offerings that will provide customized professional and management liability coverage to financial services firms across the US. The new platform, Hiscox FS™, is an expansion of Hiscox’s current offering to financial services firms.
Hiscox FS provides financial services firms, such as asset managers and non-bank lenders, with coverage for various aspects of their businesses through a streamlined platform. Through a single, customizable policy, Hiscox FS will empower firms with the option to add additional protection against exposures beyond traditional insurance products for financial service businesses, such as technology professional liability, cyber privacy, miscellaneous professional liability and more.
“Today’s financial services professionals do not stay in their lane – they innovate, disrupt and operate in a number of different segments on behalf of their clients,” said Sean Hearden, Vice President and Financial Services Product Head at Hiscox USA. “For these types of businesses, the challenge has traditionally been finding the coverage that addresses all aspects of their business operations, rather than just a part of it. Our mission when developing Hiscox FS was to give our clients the flexibility to find a single policy and platform that supports innovation and growth.”
Hiscox USA provides a variety of specialty risk solutions, including a broad spectrum of professional errors and omissions, general liability, cyber and data security, media liability, management liability, crime, kidnap and ransom, terrorism and commercial property insurance products.
In the US, Hiscox has offices in New York, NY; Atlanta, GA; Chicago, IL; Dallas, TX; Los Angeles, CA; San Francisco, CA and White Plains, NY.
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. It’s a long-standing strategy which in 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.
The Hiscox Group employs over 2,300 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe and the US, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re and ILS.
Our values define our business, with a focus on people, quality, courage and excellence in execution. We pride ourselves on being true to our word and our award-winning claims service is testament to that. This information is neither intended nor should be construed to be a solicitation for the purchase of insurance by any US person or entity. For further information, visit www.hiscoxgroup.com.
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