Hiscox's move into direct general motor generates Asia platform
Hiscox is to use DirectAsia as a platform for growth in Asia as it moves into the direct general motor space after traditionally underwriting in the high end motor market.
Hiscox has paid $55m (£32.8m)for a company yet to turn a profit but is being used as a platform to grow in Asia, according to Anthony Hobrow the new deputy chairman of DirectAsia Insurance Holdings.
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