Hiscox this morning said its gross premiums written for the first nine months of the year is up 6.1 percent to to $3.46bn. Its London market did particularly well, with gross written premiums up 7.1 percent. Huge weather events continue to play a large part in the global insurance and reinsurance market and Hiscox said… Continue reading London Market Boosts Insurer Hiscox
Tag: Hiscox profits
Hiscox Rocked by Natural Disasters in Third Quarter
Hiscox Ltd said a stormy three months has led to a net US$165mln hit to cover the impact of Typhoon Faxai, Typhoon Hagibis, and Hurricane Dorian. In a trading update, the FTSE 100-listed insurer said an “active claims environment” in the three months until the end of September meant it upped its reserves “materially in… Continue reading Hiscox Rocked by Natural Disasters in Third Quarter
Investments Help Hiscox to Profit, London Market, Hiscox Re & ILS Challenged
Global insurer and reinsurer Hiscox has reported that its H1 2019 profit before tax increased slightly to $168 million, despite the firm’s group combined ratio weakening to 98.8% as loss deterioration from prior year events hit its London Market and Hiscox Re & ILS segments. At $168 million, Hiscox’s profit increased by just more than… Continue reading Investments Help Hiscox to Profit, London Market, Hiscox Re & ILS Challenged