Hiscox’s Watson sees further room for growth in SME
SME is now the provider’s biggest single line of business.
Richard Watson, chief underwriting officer at Hiscox, has described the provider's 2015 figures as being "another strong result".
The group delivered a 10.7% increase in gross written premiums to £1.94bn although profit after tax dropped 3% to £209.9m (2014: £216.2m).
Premiums in the UK and Ireland grew by 1.9% to £443.3m.
Watson confirmed that the company had seen "good growth across most lines of business" in the UK.
The UK and Ireland region also delivered a combined operating ratio of 90%
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