Hiscox UK and Europe division posts half year growth

A hand extended holding a bag of pounds - illustration

Hiscox has reported an increase in gross written premiums (GWP) for the UK and Europe to £309.4m for the first six months of 2014 (H1 2013: £295.1m).

However profit before tax fell to £26.3m from £44.4m for the same period of 2013 which the provider put down to being a result of the impact of the flooding in the UK throughout January and February.

The combined ratio for the division worsened to 92.9% (2013: 87.9%) and the insurer said the six months delivered a "good results" despite 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: