23 September 2010

HAGERTY AND HISCOX IN NEW PARTNERSHIP

Silverstone, UK (23 September, 2010) - Hagerty International, classic car insurance specialist, has announced a new partnership with specialist motor insurer Hiscox which will see Hiscox provide capacity for Hagerty International’s classic car insurance products in the UK.

The partnership marks the first classic car joint venture of its kind for Hiscox. The insurer has been offering classic car cover for more than 15 years and launched its high value motor product, available via brokers, in 2008. The deal with Hagerty, a leading provider of cover for classic cars in the UK with one of the most comprehensive classic car insurance policies (including agreed value, the choice of repairer in the event of a claim and legal expenses cover), will see both parties come together to offer an exceptional range of products for classic car owners and the UK broker network.

Angus Forsyth, Managing Director, Hagerty International, comments: “Hagerty has great plans for the future and Hiscox is the perfect partner to continue our growth in the UK market. We chose Hiscox as our partner for their thorough understanding of our product and their clear expertise in the classic car market.”

 

Ashley Cole, Head of Motor, Hiscox, comments: “We are delighted to be working with Hagerty. They have a great client base which dovetails perfectly with our expertise and existing motor business.”

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For further information:

Hagerty International

Marcus Atkinson

+44 (0)844 824 1130

matkinson@hagerty.com

 

Hiscox Ltd

Adeola Ajayi

+44 (0)207 448 6494

adeola.ajayi@hiscox.com

 



About Hagerty

Hagerty Insurance Agency, LLC is the leading insurance agency for collector vehicles in the world and host to the largest network of collector car owners. Hagerty offers insurance for collector cars, motorcycles and motorcycle safety equipment, tractors, automotive tools and spare parts, and even “automobilia” (any historic or collectible item linked with motor vehicles). Hagerty also offers overseas shipping/touring insurance coverage, commercial coverage and club liability coverage. UK-based subsidiary, Hagerty International, was established in 2006 to cater for the parallel market sector in the UK and Europe, and now offers a bespoke portfolio of insurance products, underwritten by Hiscox.

For more information, call the USA office on (800) 922-4050 or visit www.hagerty.com or call the UK office on 0844 824 1130 or visit www.hagertyinsurance.co.uk

 

About Hiscox

Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group - Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites internationally traded business in the London Market - generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA. Hiscox Insurance Company Limited, Hiscox Underwriting Limited, Hiscox Europe Underwriting Limited and Hiscox Syndicates Limited are authorised and regulated by the Financial Services Authority.

For further information, visit www.hiscox.com.