Hiscox UK shrinks amid global growth in interim results
Chairman Robert Childs blames the integration of a new IT system.
Hiscox has revealed that its UK business has shrunk in half-year results for 2019.
Gross written premium at Hiscox UK fell 1.7% from $385.2m (£312.2m) in H1 2018 to $378.5m (£306.8m) in H1 2019.
The Bermuda-headquartered company blamed the integration of a new IT system for disrupting its UK operations.
Hiscox Chairman Robert Childs discussed the UK situation: “Our broker business had a challenging 2018 as it adapted to a new system with new ways of working, which impacted growth.
“In the
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