Hiscox reports improved GWP, profit and COR


Profit before tax also increased, to £217m, compared with £17m the previous year.

And the group combined operating ratio improved, from 99.5% in 2011, to 85.5% last year.

The UK retail business showed a slight decline in profit, at £45m, compared with £49m in 2011, while Hiscox London Market saw profits more than double, from £58m in 2011 to £122m last year.

The provider stated that Hiscox UK has a "big agenda" in 2013: "Distribution for the insurance market has evolved over the years; it is no

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