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Hiscox taps overseas homeowners

Specialist insurer Hiscox has started insuring homes overseas, to tap into more than one million pro...

Specialist insurer Hiscox has started insuring homes overseas, to tap into more than one million properties that are owned by UK residents.

Research conducted by Hiscox shows that 40% of young people would consider buying abroad as a step onto the property ladder. Although Hiscox concentrates traditionally on mid-to-high net worth households who have second homes overseas, it discovered this trend of investment.

A restructure at Hiscox has led to the departure of David Sweeney, the insurer's UK

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