Catastrophe exposure hits Hiscox profits
Hiscox has reported a fall in profits of more than £100m for 2010 after being hit a number of global catastrophes.
The insurer announced a pre-tax profit of £211.4m (£2009: £320.6m) and a combined operating ratio of 89.3% (2009: 86%), attributed to its exposure to European windstorms, adverse UK weather, the
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