Hiscox reports improved GWP, profit and COR

robert-hiscox-sph286

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

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: