Insurance Age

Hiscox UK sees GWP tick up

Bronek Masojada
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Provider grows by 1.6% in UK to £98.2m in first quarter.

Hiscox has announced gross written premiums (GWP) of £501.6m for the three months of 2014 to 31 March.

In an interim management statement the insurer highlighted that although this represented a decrease from the £506.1m achieved in the first quarter of 2013, it was a 2.3% rise when measured in "local currency".

It cited a pull back in reinsurance as being behind the sterling-measured decline.

UK GWP
In the UK GWP rose 1.6% for the period to £98.2m (Q1 2013: £96.7m).

The provider stated that "an

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