Hiscox UK and Ireland sees 5.5% rise in GWP
Sector reports combined operating ratio of 88.6% for 2014.
Hiscox has seen a 5.5% increase in gross written premium (GWP) in the UK and Ireland, according to its full year results for 2014.
The unit's GWP rose from £412.4m in 2013 to £435m in 2014 and its combined operating ratio (COR) for the year was 88.6%, which according to Hiscox is better than the firm's normal expectations.
The insurer said that Hiscox UK and Europe hit record profits of £73.3m, compared to £56.4m in 2013.
The retail division, which includes Hiscox UK and Europe and Hiscox
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