The 21st century British invasion does not consist so much of mop-topped crooners, but BlackBerry-wielding insurocrats looking to garner some of the U.S. middle-market that is difficult to service from across the pond.
First, Beazley set up shop here two years ago, targeting small and midsized professional liability accounts. Now, Hiscox plc has joined them in search of much the same customer for specialty lines of commercial coverage.
"While the United States already accounts for 40 percent of Hiscox's business, primarily through our Lloyd's business, we want to expand our footprint in the U.S. market," explained Robert Childs, chairman of Hiscox USA.
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