Hiscox ready for Mother Nature
Insurer Hiscox's profit before tax reduced to £61.3m for the first six months of the year, from £88....
Insurer Hiscox's profit before tax reduced to £61.3m for the first six months of the year, from £88.1m in 2005. Gross written premium rose by over 40% but combined operating ratio fell back from 83.5% to 93.2%. Overall, excluding currency movements, profits rose from £51.2m in 2005 to £64.7m this year.
In the UK, the COR was 95.2% compared to 90.2% last year, due to some large specie losses. Gross written premium climbed to £112.2m compared with £103.1m last year. On the back of a multi-million
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