Profit, COR and GWP all improve at Hiscox

Bronek Masojada

Hiscox has reported increased GWP of $3.8bn (£2.9bn) for the full year 2018 compared to $3.3bn in 2017.

Profit before tax also improved dramatically, rising from $40m to $137.4m while COR went from 98.8% to 94.9%.

In the UK GWP shot up 11.5% to $799.5m (2017: $717.1m).

But the insurer admitted that UK brokers had been impacted by system developments which had an effect on service to the market.

Bronek Masojada, CEO, wrote in his results report: “In the broker channel, IT change

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