Hiscox launches N.Y.-based specialty underwriting unit.Lloyd's insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. Hiscox plc is continuing its aggressive expansion into the U.S. market with the opening of a New York-based underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. operation targeting specialty lines. Just three months after launching a Bermuda insurer/reinsurer that also will target the U.S. market, Hiscox USA, based in Armonk, N.Y., is aiming for business among small and medium-sized U.S. companies, those that typically fly under the radar This article is about the magazine. For other uses, see Under the Radar (disambiguation). Under the Radar is an American magazine that bills itself as "The solution to music pollution." It features interviews with accompanying photo-shoots. for Lloyd's underwriters working in London. Ed Donnelly, president of Hiscox USA and leader of the new operation, said Hiscox has begun writing professional liability coverage in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and in the coming months it plans to add terrorism, free art and technology coverages to its portfolio. |
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