Hiscox UK sees GWP boost
Hiscox UK has revealed an 8.5% increase in gross written premiums (GWP) for the first quarter of 2013 to £96.7m (Q1 2012: £89.1m).
The provider highlighted strong retention in art and private client and commercial lines as having driven the increase. It also cited good growth in areas such as luxury motor and professional indemnity for the technology and media industries.
In addition pricing and segmentation improvements in the direct-to-consumer business have also provided "strong profitable growth" according to Hiscox.
Finally, schemes growth was listed as a key component for future opportunities.
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