Benign cat year and subrogation help Hiscox’s profits soar
Hiscox UK’s chief executive Bronek Masojada has attributed the insurer’s record £34m profit before tax to an absence of natural catastrophes.
Masojada said subrogation was behind reserve releases.
The insurer released its half yearly results this morning, revealing its profit more than doubled from last year's £15.8m figure.
The UK
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