Hiscox Auto Insurance Review

This Hiscox Auto Insurance Review explores Hiscox Ltd. of Hamilton, Bermuda. Hiscox is a public company whose shares trade on the London Stock Exchange (Symbol: HSX) and the Berlin Stock Exchange (Symbol: H2X). Hiscox is a specialty insurance and reinsurance company. The company was founded in 1993 and employs approximately 1,200 people in all locations.

In this review, you’ll learn about the company’s contact information, products and services, financial information, and careers. Comparing auto insurance can help you to make the best choice for your auto insurance needs.

Hiscox Auto Insurance Contact Information

Write the company headquarters at 45 Reid Street, Wessex House, Fourth Floor, Hamilton HM12, Bermuda. Telephone the company headquarters at +1-441-278-8300, or fax your communication to +1-441-278-8301. Review Hiscox’s website at http://www.hiscox.com.

Write Hiscox Ltd. in London at 1 Great St.Helen’s, London EC3A 6HX, United Kingdom. Call the London office at +44 (0)20 7448 6000, or fax to +44 (0)20 7448 6900.

Hiscox Auto Insurance Products and Services

Hiscox doesn’t focus primarily on writing auto insurance policies. The company strategically services the insurance and reinsurance needs of businesses and high net worth individuals and families. Reinsurance is purchased by a primary insurer’s
underwriting to offset potential future claims.

According to the company’s website, the company’s 2009 underwriting by category includes:

• Reinsurance (31%)
• Art/Private Client Needs (16%)
• Kidnap and Ransom; Personal Accident; Contingency; Bloodstock (10%)
• Errors and Omissions (9%)
• Marine/Energy (9%)
• Small Property (7%)
• Large Property (6%)
• Terrorism, Political Risk, Aerospace, Specie (5%)
• Tech, Media Errors and Omissions (4%)
• Global Errors and Omissions (3%)

Contact Hiscox about writing auto insurance for high value and collector cars. Auto insurance written by Hiscox for these specialty autos can offer advantages for the

policyholder, including an agreed-upon, insured value of the asset; the ability to take the auto on unlimited out-of-country trips (maximum stay of 90 days per trip); the choice of any garage or dealer for repairs to the vehicle; and a similar auto loaner car during repairs and restoration of the insured auto.

Owners of classic cars may earn special discounts on auto insurance rates. If the classic or collector car is garaged and maintains low annual mileage, Hiscox offers competitive auto insurance premium rates.

The company writes U.S. homeowner, inland marine, construction, commercial property, and onshore energy policies. Combining auto insurance with other insurance policies can help drivers save money on auto insurance.

Hiscox Auto Insurance Financial Information

According to Dun & Bradstreet, Hiscox Ltd. generated approximately $175.4 million in sales during fiscal year 2010. The company’s net income was $168.94 million during the period.

Compared to the insurance industry price-to-earnings ratio median of 10.79, Hiscox’s shares sell at a lower multiple of 8.42. The company’s book ratio of 1.15 compares favorably to the industry median of 0.96 and the broad market media of 2.27.

Hiscox’s market value is approximately $1.45 billion.

Hiscox Auto Insurance Competitive Markets

Hiscox competes most directly with other internationally-focused reinsurance and insurance companies, including RSA Insurance, AXA, and the Catlin Group. In regional and country markets, Hiscox also competes with Aviva, Prudential plc, Scottish Re, The Travelers Companies (UK), Odyssey Re, Endurance Specialty, Swiss Re, Platinum Underwriters Holdings, QBE, Reinsurance Group of America, and the Legal and General Group.

Hiscox Auto Insurance Direct Products

Hiscox offers a number of small business insurance programs to U.S. customers. These offerings include:

• Workers’ Compensation Insurance
• Professional Liability Insurance (Professional Errors & Omissions insurance)
• Professional Services Liability Insurance (attorneys, bookkeepers, accountants,
  mortgage brokers, stockbrokers, financial advisors, etc.)

The company also writes insurance for information technology, business consultancies, and marketing/public relations consultants.

Hiscox also writes small business insurance for UK and French customers.

Hiscox Auto Insurance Claims
Clients may submit a claim to Hiscox Ltd. 24 hours a day, 365 days per year through the company website.

IT claims require special handling. Review video links on the
company’s website for additional information about copyright infringement.

Professional services clients can submit claims for a variety of reasons, including when a client doesn’t pay.

Hiscox Auto Insurance Careers

Hiscox employees say in a website video that the company is “quirky” and “a bit out there” is a positive way. Hiscox’s international presence and entry-level opportunities, such as the two-year graduate training program, help new graduates identify career opportunities in Claims, Underwriting, Actuarial, and Risk Modeling.

Graduates hired by Hiscox train in offices around the world, including Bermuda, London, New York, and several European locations. Application deadlines for new graduate hires are posted on the company website.

Experienced insurance professionals are hired by the company on an as-required basis. Interested prospective candidates may submit an application and resume through the company human resources portal.

Hiscox Auto Insurance Conclusion

Hiscox Ltd. offers specialty auto insurance to an international, high net worth clientele. If you own an high value daily vehicle, antique or collector car, Hiscox Ltd. is definitely an auto insurance provider for you to check out. In addition, insuring your art collection, home, race horses, or consulting practice (along with your auto insurance) will earn you a discount on Hiscox auto insurance rates. For those clients in need of Hiscox’s specialty insurnce programs, the company’s products and services receive five stars.