Hiscox remains in profit despite cat losses as chairman steps down

Robert Hiscox

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: