Insurance Age

Hiscox UK shrinks amid global growth in interim results

Hiscox offices
  • LinkedIn  
  • Save this article
  • Print this page  

Chairman Robert Childs blames the integration of a new IT system.

Hiscox has revealed that its UK business has shrunk in half-year results for 2019.

Gross written premium at Hiscox UK fell 1.7% from $385.2m (£312.2m) in H1 2018 to $378.5m (£306.8m) in H1 2019.

The Bermuda-headquartered company blamed the integration of a new IT system for disrupting its UK operations.

Hiscox Chairman Robert Childs discussed the UK situation: “Our broker business had a challenging 2018 as it adapted to a new system with new ways of working, which impacted growth.

“In the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@insuranceage.co.uk

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@insuranceage.co.uk

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

More on Broker

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.