Premiums rise at Hiscox UK but dip in London market
Premiums in the UK business now stand at £280m (2010: £249.1m) the growth being attributed to the direct business and the ongoing underwriting partnership with Dual.
No indication of the profit generated by these premiums was given by Hiscox.
The insurer said the premium reduction in the London market business to £475.3m (2010: £495.8m) was planned and that as reinsurance remained its largest line of business, the company would continue to make the most of improving rates in this area.
Overall
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