Hiscox Completes Bermuda Move

The UK-based Hiscox Limited has officially become Bermuda-based Hiscox Ltd., as shares of the redomiciled Group were admitted to trade on the London Stock Exchange yesterday, Dec. 12.

Hiscox noted that “following shareholder approval at the Court Meeting and Extraordinary General Meeting of Hiscox plc held on 15 November 2006, the Board of Hiscox Ltd is pleased to announce that its corporate reorganization to introduce a new Bermudan domiciled holding company for the Group (Hiscox Ltd) has today become effective and that the new ordinary shares of Hiscox Ltd have commenced trading on the London Stock Exchange.” The official Court Order was made on Dec. 11.

Source: Hiscox