All Hiscox USA commercial and professional liability product lines will be available through the Atlanta office, and six product-specific underwriting professionals will also provide on-the-ground support to brokers in the Southeast region.
The new Hiscox USA healthcare information privacy protection product is designed to address the increasing costs and potential liabilities facing healthcare professionals.
Bach will manage Hiscox's business operations for the New York region, which includes New York City, Long Island, New Jersey and the greater Philadelphia area.
Specialist insurer and reinsurer Hiscox Ltd. reported 2009 profits increased by 296 percent over the previous year, helped by investment results and a lack of catastrophe losses.
From E&S brokers to retail agents, domestic carriers and the London market syndicate, there is universal agreement that the current market is soft, has been soft for some time, and will remain soft through at least a portion of 2010.
The problem with securing data and insuring its safety is there is simply so much more stored electronically these days that opportunities for outside hackers or insiders to steal information off a company's computer systems are growing exponentially.