BlackRock increases stake in Hiscox to 5.14%

Published 05/08/2025, 16:30
BlackRock increases stake in Hiscox to 5.14%

HAMILTON, BERMUDA - Investment giant BlackRock (NYSE:BLK), Inc. has increased its stake in insurer Hiscox (LON:HSX) Ltd to 5.14% of voting rights, according to a regulatory filing disclosed Tuesday.

The threshold crossing occurred on July 31, with Hiscox being notified on August 4. BlackRock now holds 17,368,660 voting rights in the Bermuda-based insurer.

According to the standard notification of major shareholding, BlackRock’s previous position stood at 4.77%, consisting of 4.42% in voting rights attached to shares and 0.35% through financial instruments.

The increase in BlackRock’s holding reportedly followed "client instruction to elect for decision making on voting rights," as stated in the filing.

The majority of BlackRock’s current position consists of indirect voting rights, with 17,342,886 shares representing 5.14% of Hiscox’s total. The investment firm also holds a small number of voting rights through financial instruments, including American Depository Receipts, securities lending arrangements, and Contracts for Difference (CFDs).

BlackRock, headquartered in Wilmington, USA, controls these holdings through various subsidiaries in its corporate structure, as detailed in the regulatory disclosure.

The information was provided through a TR-1 standard form notification, which is required when an entity crosses certain ownership thresholds in a publicly traded company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.