Insurance Post

Hiscox 2013 profits jump £27m

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Hiscox has reported a £27m improvement in its profits for the full year of 2013, in spite of drooping results in London and minimal improvement in the wider UK market.

At a group level the insurer reported pre-tax profits of £244.5m, up from £217.5m in 2012, with gross written premiums up to £1699m, from £1565m.

The combined ratio also climbed from to 83% from 85.5%

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