Whenever you hear about pirates extorting money from ship owners, kidnappers receiving ransom or a famous artwork that has been stolen from a museum, it is highly likely that Hiscox plc (OTC:HCXLF) (OTC:HCXLY) is involved in the case.
Robert Hiscox, the Honorary President of the company and son of its founder, has always loved the difficult stuff. The company insured the first commercial jetliner - before there were any statistics regarding its safety profile - and made a lot of money, because it had not foreseen how safe flying would be. For a long time Hiscox almost enjoyed a monopoly in the area of luxury insurance: private art collections, jewelry, yachts. Then competition chased down prices...
Only subscribers can access this article, which is part of the PRO research library covering 3,581 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: