Group policies and disclosures

Hiscox Ltd Financial Condition Report

The Bermuda Monetary Authority (BMA) requires Bermudian insurers to publish annually a Financial Condition Report (FCR). The purpose of the FCR is to provide stakeholders, including policyholders, regulators and shareholders with additional information on the financial condition of the insurer over and above that contained in the annual financial statements.

Hiscox Ltd Financial Condition Report

Hiscox UK and Europe
Solvency and Financial Condition Report

Hiscox is required by the UK’s Prudential Regulation Authority (PRA) to submit a Solvency and Financial Condition Report (SFCR) in accordance with the Solvency II Directive. This provides stakeholders with additional information over and above that contained in our annual financial statements.

Hiscox Insurance Company Solvency Financial Condition Report

Hiscox Group tax strategy

Hiscox has a responsible approach to tax. We pay the right amount of tax in every operating location, while creating sustainable value for the benefit of the shareholders. We strive to act responsibly by complying with all relevant legislation, meeting all compliance and reporting obligations. We operate in an open and transparent manner with the tax authorities in every jurisdiction. We plan to be efficient with our tax affairs, but tax mitigation is not a driver for activity.

Hiscox Group tax strategy

Modern slavery statement

Hiscox is committed to ensuring that we comply with the provisions of the Modern Slavery Act. As such, we take a zero-tolerance approach to slavery or human trafficking in our supply chains or in any part of our business.

Modern slavery statement

Group health and safety policy

Our health and safety policy is to provide across all Hiscox Group activities and locations, and in as far as is reasonably practicable, a work environment and work activities that together ensure the health, safety and welfare of all our employees and those who are affected by our operations.

Group health and safety policy

Equality policy statement

The purpose of this policy to provide equal opportunities to all in employment, irrespective of their gender, race, disability, age, sexuality, religion, beliefs, marital status and social class. Hiscox strongly opposes all forms of unlawful and unfair discrimination.

Equality policy statement

Diversity and Inclusion policy

We want to build teams that are as diverse as the customers and communities we serve and create an environment where all our people can thrive.

Diversity and Inclusion policy

FATCA

The Foreign Account Tax Compliance Act (‘FATCA’) is US law designed to prevent US taxpayers from hiding their taxable income offshore.
Effective 1 July 2014, this new law requires US brokers and other withholding agents to check the status of their counterparties when making certain payments (including certain (re)insurance premium payments), in order to ensure the transaction will not – whether inadvertently or intentionally – result in the payment of undeclared US taxable income. Companies and other non-natural entities are encouraged to use IRS Form W-8BEN-E to provide evidence of their FATCA status.

Hiscox is therefore making these forms available for those of its insurance carriers which may be in receipt of US-sourced insurance premiums.

Should you have any queries, please contact:

In Bermuda: An-Wanae Butterfield
[email protected]
+1 441 278 8386

In the UK: Clare Murray
[email protected]
+44 (0)20 7448 6000

In the US: Ron Lemp
r[email protected]
+1 914 273 7468

Proposed merger of Hiscox Vertrieb Aktiengeselleschaft (HAG) into Hiscox Europe Underwriting Limited (HEUL)

The legal process for the proposed merger of Hiscox Vertrieb Aktiengeselleschaft (HAG) into Hiscox Europe Underwriting Limited (HEUL), both of which are part of the Hiscox Group, is underway and as such we have published the joint cross-border merger terms and the report by the Directors of HEUL concerning the merger:

HEUL Directors’ Report 
Terms of the cross-border merger 

Proposed merger of Hiscox Europe Underwriting Limited (HEUL) into Hiscox S.A. (HSA)

The legal process for the proposed merger of Hiscox Europe Underwriting Limited (HEUL) into Hiscox S.A. (HSA), both of which are part of the Hiscox Group, is underway and as such we have published the HEUL Directors’ Report concerning the merger:

HEUL Directors’ Report
Joint Merger Terms