Hiscox reports improved GWP for UK arm
Hiscox has delivered gross written premium of £450.7m for the first three months of 2012, a slight decline from £453.5m in the same quarter of 2011.
The insurer said it had been a relatively benign quarter for most areas of the business, following two busy years of claims.
The company’s UK arm reported an improved GWP of £89.1m for Q1 2012, up 3.4% from the £86.2m reported in the first three months of 2011.
The company said the cancellation of a poor performing partnership at the end of 2011, and the cancellation of its agency with Bluefin, also in 2011, was offset by strong growth and good retention.
The insurer’s UK arm highlighted growth
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