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News - Hiscox launches new US operation.

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| April 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Hiscox has announced the opening of Hiscox USA, an underwriting operation offering cover for small- and mid-sized US professional service businesses outside the Fortune 1000.

With an office in Armonk, New York, and a 15-strong team of underwriters and professionals, Hiscox USA will initially offer professional indemnity (PI) insurance via brokers. Within the next six months, the company hopes to extend the product offering to include terrorism, technology, media, telecoms and fine art insurance.

Robert Childs, chairman of Hiscox USA, said: "Hiscox has a long history of providing excellent products and ...

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