Hiscox Ltd

HSX

BMG4593F1389

Property & Casualty Insurance

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1,182 ^GBX	+1.81%		+1.37%	+12.14%

May. 08	UBS raises Centrica to 'buy' from 'neutral	AN
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UK's Hiscox to sell Singapore and Thailand insurance business

September 27, 2023 at 02:12 am EDT

(Reuters) - British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings following a strategic review.

The company expects the deal to be completed by the end of 2023.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	TOPIX INDEX	2,738 PTS	+0.24%	+1.15%	-
	HISCOX LTD	1,182 GBX	+1.81%	+1.37%	5.06B

Latest news about Hiscox Ltd

UBS raises Centrica to 'buy' from 'neutral	May. 08	AN
AstraZeneca target raised; Antofagasta lowered	May. 07	AN
Hiscox completes first of two tranches of share buyback	May. 03	AN
Jefferies cuts AJ Bell; Deutsche likes ConvaTec	May. 03	AN
AXA's first quarter sales rise 6%, led by policies to companies	May. 02	RE
Lloyd's insurers expect moderate Baltimore bridge claims	May. 02	RE
Transcript : Hiscox Ltd, Q1 2024 Sales/ Trading Statement Call, May 02, 2024	May. 02
Hiscox shrugs off fall in London market to post insurance premium rise	May. 02	AN
Hiscox's Q1 Insurance Contract Written Premiums Rise, Investment Income Drops	May. 02	MT
Shell unveils USD3.5 billion buyback; Melrose bullish	May. 02	AN
Deutsche Bank likes Frasers; Barclays cuts JD	Apr. 29	AN
Beazley promotes former Hiscox executive to senior director	Apr. 11	AN
Wizz Air raised; HSBC cuts Rentokil to 'hold'	Apr. 08	AN
Exane raises Rentokil; RBC cuts Centrica	Mar. 18	AN
Jefferies raises Mondi; UBS likes Admiral	Mar. 15	AN
Lloyd's of London 2023 underwriting profit doubles	Mar. 07	RE
JPMorgan raises IAG; Jefferies likes Experian	Mar. 06	AN
Hiscox launches USD150 million share buyback as annual profit doubles	Mar. 05	AN
Transcript : Hiscox Ltd, 2023 Earnings Call, Mar 05, 2024	Mar. 05
Hiscox Logs Higher FY23 Attributable Profit; Insurance Revenue Grows	Mar. 05	MT
Earnings Flash (HSX.L) HISCOX Posts FY23 Revenue $4.48B	Mar. 05	MT
Earnings Flash (HSX.L) HISCOX Reports FY23 EPS $2.0150	Mar. 05	MT
Hiscox Ltd commences an Equity Buyback Plan for 34,655,073 shares, representing 10% of its issued share capital, under the authorization approved on May 11, 2023.	Mar. 05	CI
Hiscox Ltd Recommends Final Dividend for the Year Ended December 31, 2023, Payable on 12 June 2024	Mar. 05	CI
Hiscox Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 05	CI

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Company Profile

Hiscox Ltd is a Bermuda-based diversified international insurance company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. The Companyâs segments include Hiscox Retail, Hiscox London Market, Hiscox Re & ILS and Corporate Centre. The Hiscox Retail segment includes results of the Companyâs retail business divisions in the United Kingdom, Europe, United States and Asia. The Hiscox UK and Hiscox Europe divisions underwrite personal and commercial lines of business. The Hiscox USA division comprises commercial, property and specialty businesses. The Hiscox London Market consists of the internationally traded insurance business, including lines in property, marine and energy, casualty and other specialty insurance lines. The Hiscox Re & ILS segment is the reinsurance division of the Company, combining the underwriting platforms in Bermuda and London.

Sector

Property & Casualty Insurance

Calendar

2024-07-29 - Q2 2024 Earnings Release (Projected)

Related indices

STOXX EUROPE 600 (EUR)

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Ratings for Hiscox Ltd

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ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11.61 GBP

Average target price

12.93 GBP

Spread / Average Target

+11.39%

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Other Property & Casualty Insurance

Hiscox Ltd

Equities

HSX

BMG4593F1389

Property & Casualty Insurance

UK's Hiscox to sell Singapore and Thailand insurance business

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