Hiscox remains in profit despite cat losses as chairman steps down

Martin Friel
27 Feb 2012

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The blame for the drastic reduction in profit has been laid squarely at the door of last year’s natural catastrophes which amounted to £270m in claims for Hiscox.

However, the UK retail and London Market businesses fared much better.

In Hiscox UK and Europe, premium income was up 9.5% to £498m (£454.7m: 2010) producing profits of £51.4m up from £39.6m the previous year.

The vast majority of this profit was contributed by the UK division (£49m) which the company attributed in the main to the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.