Covid-19: Hiscox considers equity raise
Provider states it is "evaluating possible sources of capital" to respond to the pandemic.
Hiscox has confirmed it is looking at raising equity to deal with the coronavirus crisis, in a statement published on the London Stock Exchange on 29 April.
The provider stated: “No decision has been made on whether to proceed with a capital raise or with regards to the timing or size of any such capital raise.”
According to Hiscox, the board believes the insurer has “sufficient capital” to meet expected liabilities arising as a result of the pandemic.
However, the statement continued:
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