Hiscox slumps to half year losses but UK prospers

Robert Hiscox

The specialist international insurer also revealed that in the half year ended 30 June 2011 gross written premium fell to £847.5m (H1 2010: £904.3m) and the combined operating ratio (COR)deteriorated to 116.9% (H1 2010: 93.6%).

However there was better news in the UK where the provider made a record profit for UK business of £25.2m with gross written premiums up by 8.8% to £182.9m and an improved COR of 87.9% (H1 2010: 91.8%)

The company said it achieved the UK results by concentrating on good

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