'No magic bullet' to fix Covid-19 reputation hit, says Hiscox as it posts $268m loss
There is “no magic bullet” Hiscox can use to remedy the hit to its reputation suffered through the long-running disputes over business interruption cover, the insurer’s global retail CEO Ben Walter has said.
Hiscox posted a $268.5m (£192.4m) loss for 2020 as a result of claims related to the pandemic, without which it predicted it would have made a $207m profit.
Walter, pictured, who oversees Hiscox’s
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